debt
confidence high
sentiment positive
materiality 0.65
Chefs' Warehouse reprices $253.5M term loan B; margin reduced 50 bps
Chefs' Warehouse, Inc.
- Interest rate on term loan B reduced from SOFR+350 bps to SOFR+300 bps; ABR margin cut to 200 bps from 250 bps.
- Outstanding principal after amendment: $253.5 million; maturity unchanged at August 23, 2029.
- SOFR floor remains 0.50%; no change to scheduled maturity.
- Amendment effective June 16, 2025; non-consenting lenders replaced by consenting lenders.
- Company expects lower annual interest expense due to repricing.
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