Chefs' Warehouse announces $250M convertible notes due 2028; concurrent exchange of existing 2024 notes

Chefs' Warehouse, Inc.

Offering of $250M aggregate principal amount of convertible senior notes due 2028; initial purchasers option for additional $37.5M.
Concurrent exchange agreements with limited holders of 1.875% convertible notes due 2024 for cash and common stock.
Net proceeds used for exchange consideration and general corporate purposes.
Amendments to term loan and ABL credit facilities to allow up to $350M unsecured debt and conversion/exchange of notes.

Key facts

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 Fifth Amendment with BMO Harris Bank, N.A., as administrative agent (effective 2022-12-07).

Action: amendment
Agreement: credit facility
Counterparty: BMO Harris Bank, N.A., as administrative agent
Effective: 2022-12-07

Exact text from the filing

On December 7, 2022, the Company entered into a fifth amendment (the “ Fifth Amendment ”) to its asset-based loan facility (the “ ABL Facility ”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Chefs' Warehouse, Inc. amended Ninth Amendment with Jefferies Finance LLC, as administrative agent and collateral agent (effective 2022-12-07).

Action: amendment
Agreement: credit facility
Counterparty: Jefferies Finance LLC, as administrative agent and collateral agent
Effective: 2022-12-07

Exact text from the filing

On December 7, 2022, The Chefs’ Warehouse, Inc. (the “ Company ”) entered into a ninth amendment (the “ Ninth Amendment ”) to its senior secured term loan credit agreement

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Chefs' Warehouse, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-300170

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