debt
confidence high
sentiment positive
materiality 0.55
Chefs' Warehouse reprices $262M term loan B, cutting margin by 50 bps
Chefs' Warehouse, Inc.
- SOFR margin reduced from 400 bps to 350 bps; ABR margin reduced from 300 bps to 250 bps.
- Adjusted Term SOFR floor stays at 0.50%; maturity remains August 23, 2029.
- Aggregate principal outstanding after amendment is $262 million.
- Non-consenting lenders replaced via assignment as part of the amendment process.