03:22 PM EDT, 04/12/2024 (MT Newswires) -- United Natural Foods ( UNFI ) is seeking to refinance at least $600 million loan due in October next year, with JPMorgan Chase ( JPM ) assisting the company in finding investors, Bloomberg reported Friday, citing people with knowledge of the matter.

Moody's recently downgraded the company by one notch to B3 citing weaker credit metrics, the report said.

JPMorgan ( JPM ) and United Natural declined to comment to Bloomberg News.

JPMorgan ( JPM ) and United Natural did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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