Chefs' Warehouse Secures $675 Million Term Loan, Amends ABL
The company said the loan is due 2033 and will refinance its prior term loan, redeem convertible notes and support capital needs. It also amended its asset-based revolver, increasing the letter of credit sublimit to $75 million.
Chefs' Warehouse secured a new $675 million senior secured term loan due 2033 to refinance its prior term loan, redeem convertible notes, and support capital needs. Concurrently, the company amended its asset-based revolver, increasing the letter of credit sublimit to $75 million and aligning coven…