secwatch.observer — SEC 8-K summary
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Issuer:     Chefs' Warehouse, Inc. (CHEF)
CIK:        0001517175
Form:       8-K
Filed at:   2022-03-15T23:59:59+00:00
Accession:  0000947871-22-000369
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Chefs' Warehouse extends ABL credit facility maturity to 2027, increases commitments to $200M
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- Third Amendment extends maturity from June 2023 to March 2027 with springing conditions tied to convertible notes and term loan.
- Commitments increased from $150M to $200M; swingline sublimit raised from $20M to $25M.
- Interest rate benchmark switched from LIBOR to Term SOFR; margins set at 1.25%-1.50% for SOFR loans and 0.50%-0.75% for base rate loans.
- New $20M basket for investments added to negative covenants.
- Borrowers are Chefs' Warehouse Parent, LLC and Dairyland USA Corporation; BMO Harris Bank N.A. remains administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517175/000094787122000369/0000947871-22-000369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517175/000094787122000369/ss866219_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-22-000369

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