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AI brief of an SEC Form 8-K · Chefs' Warehouse (CHEF)

Chefs' Warehouse cuts term loan B interest margin by 50 basis points to SOFR plus 300

Positive Impact 3 of 5 financing Written later

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.

Key points

  • 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

The filing

CompanyChefs' Warehouse (CHEF)
Form8-K, current report
Filed with the SECJun 16, 2025, 5:19 PM ET
Accession number0000947871-25-000614

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

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 June 16, 2025.

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.