-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Rdi8uRwwIt9BoVyosrCenbA4faI6J0aksLas9VJ8ozek1qwpGlpHu1a7MPgVUk/b oQ8XmWSYLcPsCXo2j0/iMg== 0001171520-07-000819.txt : 20071203 0001171520-07-000819.hdr.sgml : 20071203 20071203171210 ACCESSION NUMBER: 0001171520-07-000819 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071127 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Triggering Events That Accelerate or Increase a Direct Financial Obligation under an Off-Balance Sheet Arrangement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071203 DATE AS OF CHANGE: 20071203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED NATURAL FOODS INC CENTRAL INDEX KEY: 0001020859 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-GROCERIES & GENERAL LINE [5141] IRS NUMBER: 050376157 STATE OF INCORPORATION: DE FISCAL YEAR END: 0802 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15723 FILM NUMBER: 071281266 BUSINESS ADDRESS: STREET 1: PO BOX 999 STREET 2: 260 LAKE RD CITY: DAYVILLE STATE: CT ZIP: 06241 BUSINESS PHONE: 8607792800 MAIL ADDRESS: STREET 1: PO BOX 999 STREET 2: 260 LAKE RD CITY: DAYVILLE STATE: CT ZIP: 06241 8-K 1 eps2755.txt UNITED NATURAL FOODS, INC. ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 27, 2007 UNITED NATURAL FOODS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 000-21531 05-0376157 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 260 Lake Road Dayville, CT 06241 (Address of Principal Executive Offices) (Zip Code) (860) 779-2800 (Registrant's Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) ================================================================================ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 1.01. Entry into a Material Definitive Agreement. On November 27, 2007, United Natural Foods, Inc. (the "Company") and its subsidiaries United Natural Foods West, Inc., United Natural Trading Co., Distribution Holdings, Inc., Springfield Development, LLC and Millbrook Distribution Services Inc. (collectively with the Company, the "Borrowers"), entered into a Fourth Amendment Agreement (the "Credit Facility Amendment") with the lenders named therein (the Lenders") and Bank of America, N.A. ("Bank of America"), as administrative agent, which amends the Amended and Restated Loan and Security Agreement, dated April 30, 2004, as amended (the "Credit Facility"), by and among the Borrowers, the lenders named therein, Bank of America, as administrative and collateral agent, and certain parties thereto. The Credit Facility Amendment is effective as of November 27, 2007 and extends the maturity date of the Credit Facility to November 27, 2012. The Credit Facility Amendment also increases the maximum committed amount under the Credit Facility from $250,000,000 to $400,000,000. The Company has the right under the Credit Facility Amendment to request a one-time increase in the maximum committed amount under the Credit Facility of between $10,000,000 and $50,000,000, provided that the requested increase is an integral multiple of $10,000,000. Each Lender, in its sole and absolute discretion, has the right to determine whether to fund its proportionate amount of any such requested increase in the maximum committed amount under the Credit Facility. The foregoing description of the Credit Facility Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of such amendment, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the second quarter of fiscal 2008. Item 2.04. Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by this reference. Item 8.01 Other Events. On November 29, 2007, the Company issued a press release announcing the entry by the Company into the Credit Facility Amendment. A copy of this press release is attached hereto and furnished herewith as Exhibit 99.1. Item 9.01. Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired: Not Applicable (b) Pro Forma Financial Information: Not Applicable (c) Shell Company Transactions: Not Applicable (d) Exhibits. Exhibit No. Description ----------- ----------- 99.1 Press Release, dated November 29, 2007: United Natural Foods Announces Increase in Revolving Credit Facility to $400 Million. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED NATURAL FOODS, INC. By: /s/ Mark E. Shamber -------------------------- Mark E. Shamber Vice President and Chief Financial Officer Date: December 3, 2007 EX-99.1 2 ex99-1.txt PRESS RELEASE Exhibit 99.1 [LETTERHEAD OF UNITED NATURAL FOODS, INC.] IMMEDIATE RELEASE November 29, 2007 UNITED NATURAL FOODS ANNOUNCES INCREASE IN REVOLVING CREDIT FACILITY TO $400 MILLION Dayville, Connecticut - November 29, 2007 -- United Natural Foods, Inc. (Nasdaq: UNFI) (the "Company") today announced that it has completed an amended and restated five-year $400 million revolving credit facility with a bank group that was led by Bank of America Business Capital, as the Administrative Agent, effective November 27, 2007. The amended and restated credit facility replaces an existing $250 million revolving credit facility and extends the maturity date of the credit facility to November 27, 2012. The Company's outstanding commitments under the amended and restated credit facility as of October 27, 2007 were approximately $165 million. Michael Funk, President and Chief Executive Officer, commented, "We are pleased to continue our long and successful relationship with Bank of America, which provides us enhanced flexibility to continue to execute plans to grow the Company, expand our distribution network and selectively pursue strategic investment opportunities." About United Natural Foods United Natural Foods, Inc. carries and distributes more than 40,000 products to more than 17,000 customers nationwide. The Company serves a wide variety of retail formats including conventional supermarket chains, natural product superstores, independent retail operators and the food service channel. United Natural Foods, Inc. was ranked by Forbes in 2005 as one of the "Best Managed Companies in America," ranked by Fortune in 2006 and 2007 as one of its "Most Admired Companies," and ranked by Business Ethics as one of its "100 Best Corporate Citizens for 2006." For more information on United Natural Foods, Inc., visit the Company's website at www.unfi.com. AT THE COMPANY: FINANCIAL RELATIONS BOARD - -------------------------------------------------------------------------------- Mark Shamber Joseph Calabrese Chief Financial Officer General Information (860) 779-2800 (212) 827-3772 "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the Company's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, including but not limited to general business conditions, the impact of competition and our dependence on principal customers, see "Risk Factors" in the Company's annual report on Form 10-K filed with the Commission on September 26, 2007, and its other filings under the Securities Exchange Act of 1934, as amended. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. The Company is not undertaking to update any information in the foregoing reports until the effective date of its future reports required by applicable laws. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. The Company may from time to time update these publicly announced projections, but it is not obligated to do so. -----END PRIVACY-ENHANCED MESSAGE-----