Chefs' Warehouse cuts term loan B interest margin by 50 basis points to SOFR plus 300
Chefs' Warehouse entered into Amendment No. 13 to its senior secured term loan credit agreement on June 16, 2025, repricing its term loan B facility. The margin falls from 350 to 300 basis points over term SOFR, and from 250 to 200 basis points over the alternate base rate, which lowers the company's borrowing cost on that debt. The filing says term loans outstanding immediately after the amendment total $253.5 million.
- Term SOFR margin reduced from 350 to 300 basis points; alternate base rate margin reduced from 250 to 200 basis points
- SOFR floor of 0.50% and scheduled maturity of August 23, 2029 were not changed
- Aggregate term loans outstanding immediately after the amendment: $253.5 million
- Amendment filed as Exhibit 10.1 to the Form 8-K; Jefferies Finance LLC is administrative agent and collateral agent