Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Chefs' Warehouse, Inc. amended Eleventh Amendment with the lenders party thereto and Jefferies Finance LLC, as administrative agent and collateral agent (effective 2024-03-18).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the lenders party thereto and Jefferies Finance LLC, as administrative agent and collateral agent
- Effective
- 2024-03-18
Exact text from the filing
On March 18, 2024, The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (“ the Company ”) entered into Amendment No. 11 (the “ Eleventh Amendment ”) to its senior secured term loan credit agreement, originally dated as of June 22, 2016, as amended, restated, supplemented or otherwise modified from time to time, by and among the Company, Chefs’ Warehouse Parent, LLC, as borrower, Dairyland USA Corporation, as borrower, certain other subsidiaries of the Company, as guarantors, the lenders party thereto and Jefferies Finance LLC, as administrative agent and collateral agent, pursuant to which, among other changes, the Company repriced its senior secured term loan B facility from (x) 475 basis points over term SOFR plus a specified credit spread adjustment or 375 basis points over the alternate base rate to (y) 400 basis points over term SOFR with no credit spread adjustment or 300 basis points over the alternate base rate.
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