v3.25.1
LONG-TERM DEBT (Tables)
 9 Months Ended
May 03, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The Company’s long-term debt consisted of the following:
(in millions)
Average Interest Rate at
May 3, 2025
Fiscal Maturity YearMay 3,
2025		August 3,
2024
Term Loan Facility (1)
9.07%2031$495 $499 
ABL Credit Facility (2)
5.75%2027992 1,113 
Senior Notes (3)
6.75%2029500 500 
Other secured loans—%2025— 1 
Debt issuance costs, net(16)(18)
Original issue discount on debt(9)(10)
Long-term debt, including current portion1,962 2,085 
Less: current portion of long-term debt(3)(4)
Long-term debt$1,959 $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 $5 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)May 3, 2025
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)May 3, 2025
Total availability for ABL loans and letters of credit$2,618 
ABL loans outstanding992 
Letters of credit outstanding184 
Unused credit$1,442