Chefs' Warehouse repriced $262 million term loan B, cutting spread to SOFR+350
On October 22, 2024, Chefs' Warehouse entered Amendment No. 12 to its senior secured term loan credit agreement, lowering the margin on its term loan B facility from 400 basis points over term SOFR to 350 basis points. The SOFR floor of 0.50% and the August 23, 2029 maturity were unchanged, and $262 million of term loans remain outstanding. The change lowers the company's borrowing cost on this facility, though the filing does not quantify expected savings.
Key points
- Term loan B margin cut from 400 to 350 basis points over term SOFR (alternate base rate margin cut from 300 to 250 basis points)
- Aggregate principal of term loans outstanding after the amendment: $262 million
- Adjusted Term SOFR floor of 0.50% and scheduled maturity of August 23, 2029 unchanged
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.