---
schema_version: "secwatch.filing_event.v1"
accession: "0000947871-24-000287"
form_type: "8-K"
ticker: "CHEF"
cik: "0001517175"
company_name: "Chefs' Warehouse, Inc."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T15:04:56.331595+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Chefs' Warehouse reprices term loan B, reduces margin by 75 bps to SOFR+400

## Summary
- Entered Eleventh Amendment to senior secured term loan credit agreement on March 18, 2024.
- Interest rate reduced from 475 bps over term SOFR plus credit spread adjustment to 400 bps over term SOFR; ABR spread cut from 375 to 300 bps.
- Outstanding term loan principal of $272.25 million unchanged; maturity remains August 23, 2029.
- Adjusted Term SOFR floor stays at 0.50%.
- Amendment expected to lower annual interest expense on the facility.

## SEC filing metadata
- accession: 0000947871-24-000287
- form_type: 8-K
- ticker: CHEF
- cik: 0001517175
- company_name: Chefs' Warehouse, Inc.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1517175/000094787124000287/0000947871-24-000287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1517175/000094787124000287/ss3150144_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000947871-24-000287
- JSON: https://secwatch.observer/filing/0000947871-24-000287.json
- Plain text: https://secwatch.observer/filing/0000947871-24-000287.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1517175/000094787124000287/0000947871-24-000287-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.