v3.25.4
LONG-TERM DEBT (Tables)
 6 Months Ended
Jan. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The Company’s long-term debt consisted of the following:
(in millions)
Average Interest Rate at
January 31, 2026
Fiscal Maturity YearJanuary 31,
2026		August 2,
2025
Term Loan Facility (1)
8.42%2031$372 $383 
ABL Credit Facility (2)
5.13%2027861 999 
Senior Notes (3)
6.75%2029500 500 
Debt issuance costs, net(11)(13)
Original issue discount on debt(6)(7)
Long-term debt, including current portion1,716 1,862 
Less: current portion of long-term debt(3)(3)
Long-term debt$1,713 $1,859 
(1) Face value before debt issuance costs of $4 million and $4 million, respectively, and an original issue discount on debt of $6 million and $7 million, respectively.
(2) Face value before debt issuance costs of $3 million and $5 million, respectively.
(3) Face value before debt issuance costs of $4 million and $4 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)January 31, 2026
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)January 31, 2026
Total availability for ABL loans and letters of credit$2,330 
ABL loans outstanding861 
Letters of credit outstanding184 
Unused credit$1,285