PROVIDENCE, R.I., Oct 06, 2010 /PRNewswire via COMTEX/ --
United Natural Foods, Inc. (Nasdaq: UNFI) (the "Company") announced today that it has completed the previously announced public offering of 4,427,500 shares of common stock, which includes 577,500 shares issued pursuant to the underwriters' overallotment option. The offering resulted in net proceeds to the Company of approximately $138.4 million after deducting underwriters' fees and estimated offering expenses, which proceeds are being used to repay a portion of the Company's outstanding borrowings under its revolving credit facility.
BofA Merrill Lynch and Barclays Capital acted as joint book--running managers for the offering and BB&T Capital Markets and RBC Capital Markets acted as co-managers for the offering.
About United Natural Foods
United Natural Foods, Inc. (http://www.unfi.com) carries and distributes more than 60,000 products to more than 23,000 customer locations throughout the United States and Canada. 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 - 2010 as one of its "Most Admired Companies," winner of the Supermarket News 2008 Sustainability Excellence Award, and recognized by the Nutrition Business Journal for its 2009 Environment and Sustainability Award.
SOURCE United Natural Foods, Inc.