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LONG-TERM DEBT (Tables)

3 Months Ended

Nov. 02, 2024

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s long-term debt consisted of the following:

(in millions)			Average Interest Rate at November 2, 2024						Fiscal Maturity Year						November 2, 2024						August 3, 2024
Term Loan Facility (1)			9.44%						2031						$	498					$	499
ABL Credit Facility (2)			6.15%						2027						1,276						1,113
Senior Notes (3)			6.75%						2029						500						500
Other secured loans			—%						2025						—						1
Debt issuance costs, net															(18)						(18)
Original issue discount on debt															(9)						(10)
Long-term debt, including current portion															2,247						2,085
Less: current portion of long-term debt															(3)						(4)
Long-term debt															$	2,244					$	2,081

(1) Face value before debt issuance costs of $6 million and $6 million, respectively, and an original issue discount on debt of $9 million and $10 million, respectively.

(2) Face value before debt issuance costs of $7 million and $7 million, respectively.

(3) Face value before debt issuance costs of $5 million and $5 million, respectively.

Schedule of Line of Credit Facilities

Revolver Loans and ABL FILO Loans under the ABL Credit Facility bear interest at rates that, at the Company’s option, can be either at a base rate or Term SOFR plus an applicable margin. The applicable margins and letter of credit fees under the ABL Credit Facility are variable and are dependent upon the prior fiscal quarter’s daily average Availability (as defined in the ABL Loan Agreement), and were as follows:

			Range of Facility Rates and Fees (per annum)			November 2, 2024
Applicable margin for revolver base rate loans			0.00% - 0.25%			0.00		%
Applicable margin for revolver SOFR and BA loans(1)			1.00% - 1.25%			1.00		%
Applicable margin for FILO base rate loans			1.50%			1.50		%
Applicable margin for FILO SOFR loans			2.50%			2.50		%
Unutilized commitment fees			0.20%			0.20		%
Letter of credit fees			1.125% - 1.375%			1.125		%

(1) The Company utilizes SOFR-based loans and UNFI Canada utilizes bankers’ acceptance rate-based loans.

The Company’s unused credit under the ABL Credit Facility was as follows:

(in millions)			November 2, 2024
Total availability for ABL loans and letters of credit			$	2,589
ABL loans outstanding			1,276
Letters of credit outstanding			176
Unused credit			$	1,137

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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