secwatch.observer — SEC 8-K summary
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Issuer:     Chefs' Warehouse, Inc. (CHEF)
CIK:        0001517175
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0000947871-24-000287
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517175/000094787124000287/0000947871-24-000287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517175/000094787124000287/ss3150144_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-24-000287

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