On May 1, 2024, United Natural Foods, Inc. (the ?Company?), SUPERVALU INC., UNFI Wholesale, Inc., and UNFI Distribution Company, LLC (the ?Co-Borrowers? and, together with the Company, the ?Borrowers?), the guarantors party thereto, the certain financial institutions that are parties thereto as lenders, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (the ?Agent?), entered into Amendment No. 4 to the Term Loan Agreement (the ?Term Loan Amendment?), amending the Term Loan Agreement dated as of October 22, 2018, as amended from time to time (as further amended, the ?Term Loan Agreement?), among the Borrowers, the guarantors party thereto, the lenders from time to time party thereto and the Agent.

The Term Loan Amendment provides for (i) the reduction of the principal amount of the facility to $500 million, (ii) the extension of the maturity to May 1, 2031 (but with a springing maturity to (a) the date 91 days prior to the expiration of the Company?s distribution contract with Whole Foods Market Distribution, Inc. if such agreement shall not have been extended beyond the term of the facility, and (b) 91 days prior to the maturity of the Company?s senior notes due October 15, 2028, in the event that at least $100 million in principal amount outstanding of such senior notes remains outstanding on such date), (iii) a change in the applicable margin over the secured overnight financing rate (SOFR) from 3.25% to 4.75% and (iv) certain other changes. On May 1, 2024, the Company entered into Amendment No. 1 (the ?ABL Amendment?) to the loan agreement dated June 3, 2022, by and among the Company, UNFI Canada, Inc., the financial institutions that are parties thereto as lenders, Wells Fargo Bank, National Association and the other parties thereto (the ?ABL Loan Agreement?) to execute on a First In, Last Out (?FILO?) tranche of incremental loans under the ABL Loan Agreement.

The ABL Amendment provides for (i) the creation of a FILO tranche of $130 million with an Applicable Margin (as defined in the ABL Loan Agreement) rate equal to SOFR plus 2.50% per annum and (ii) the removal of the obligation of the Canadian Obligors (as defined in the ABL Loan Agreement) to provide credit support for U.S. loans.