secwatch.observer — SEC 8-K summary
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Issuer:     Chefs' Warehouse, Inc. (CHEF)
CIK:        0001517175
Form:       8-K
Filed at:   2026-10-19T20:42:06+00:00
Accession:  0001517175-26-000030
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 3.02
LLM model:  deepseek-v4.1-flash:cloud@v2

Chefs' Warehouse prices $675M term loan due 2033 at SOFR+2.00%, replaces $305M facility
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- $675M senior secured term loan matures Oct 15, 2033; interest at SOFR+2.00% or ABR+1.00%, amortizing 0.25% quarterly with 1.00% premium on repricing within six months.
- Prior $305M term loan due 2029 repaid in full at roughly $244.7M outstanding; proceeds also funded redemption of the 2.375% convertible notes due 2028.
- Holders converted about $287.2M principal of notes, receiving roughly $437.1M cash and 2,671,056 common shares on Oct 15; remaining ~$341,000 principal redeemed at 100%.
- Ninth ABL amendment raises the letter-of-credit sublimit to $75M from $50M and loosens the payment-default cure period to five business days from three.
- Jefferies Finance LLC is administrative and collateral agent; BMO, JPMorgan and BofA Securities are joint lead arrangers and bookrunners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517175/000151717526000030/0001517175-26-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517175/000151717526000030/chef-20261019.htm
  HTML page:      https://secwatch.observer/filing/0001517175-26-000030

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