Chefs' Warehouse Files 8-K for Material Agreement
Ticker: CHEF · Form: 8-K · Filed: Mar 18, 2024 · CIK: 1517175
| Field | Detail |
|---|---|
| Company | Chefs' Warehouse, Inc. (CHEF) |
| Form Type | 8-K |
| Filed Date | Mar 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $272,250,000.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
Chefs' Warehouse signed a big deal, filing an 8-K on March 18th.
AI Summary
On March 18, 2024, The Chefs' Warehouse, Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and its principal executive offices are located at 100 East Ridge Road, Ridgefield, Connecticut.
Why It Matters
This filing indicates a significant new agreement for The Chefs' Warehouse, which could impact its operations, supply chain, or financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's financial health and stock performance.
Key Numbers
- 001-35249 — SEC File Number (Identifies the company's filing history with the SEC.)
- 20-3031526 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- The Chefs' Warehouse, Inc. (company) — Registrant
- March 18, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 100 East Ridge Road, Ridgefield, Connecticut (address) — Principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by The Chefs' Warehouse, Inc. on March 18, 2024?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on March 18, 2024, and that it is reported under Item 1.01.
What other information is included in this 8-K filing besides the material agreement?
This 8-K filing also includes financial statements and exhibits, as indicated by Item 9.01.
When was The Chefs' Warehouse, Inc. incorporated and where are its principal executive offices located?
The Chefs' Warehouse, Inc. was incorporated in Delaware and its principal executive offices are located at 100 East Ridge Road, Ridgefield, Connecticut.
What is the SEC file number and IRS Employer Identification Number for The Chefs' Warehouse, Inc.?
The SEC file number is 001-35249 and the IRS Employer Identification Number is 20-3031526.
What was the former name of The Chefs' Warehouse, Inc. and when did the name change occur?
The former company name was Chefs' Warehouse Holdings, LLC, and the date of the name change was April 1, 2011.
Filing Stats: 699 words · 3 min read · ~2 pages · Grade level 12.1 · Accepted 2024-03-18 16:42:21
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 CHEF The NASDAQ Stock Market LLC In
- $272,250,000.00 — ectiveness of the Eleventh Amendment is $272,250,000.00. The Company has customary corporate a
Filing Documents
- ss3150144_8k.htm (8-K) — 26KB
- ss3150144_ex1001.htm (EX-10.1) — 60KB
- 0000947871-24-000287.txt ( ) — 265KB
- chef-20240318.xsd (EX-101.SCH) — 3KB
- chef-20240318_lab.xml (EX-101.LAB) — 33KB
- chef-20240318_pre.xml (EX-101.PRE) — 22KB
- ss3150144_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On March 18, 2024, The Chefs' Warehouse, Inc. (NASDAQ: CHEF) (" the Company ") entered into Amendment No. 11 (the " Eleventh Amendment ") to its senior secured term loan credit agreement, originally dated as of June 22, 2016, as amended, restated, supplemented or otherwise modified from time to time, by and among the Company, Chefs' Warehouse Parent, LLC, as borrower, Dairyland USA Corporation, as borrower, certain other subsidiaries of the Company, as guarantors, the lenders party thereto and Jefferies Finance LLC, as administrative agent and collateral agent, pursuant to which, among other changes, the Company repriced its senior secured term loan B facility from (x) 475 basis points over term SOFR plus a specified credit spread adjustment or 375 basis points over the alternate base rate to (y) 400 basis points over term SOFR with no credit spread adjustment or 300 basis points over the alternate base rate. Neither the floor of the Adjusted Term SOFR of 0.50% nor the scheduled maturity date of August 23, 2029 were changed. The aggregate principal amount of term loans outstanding immediately after the effectiveness of the Eleventh Amendment is $272,250,000.00. The Company has customary corporate and commercial banking relationships with the lenders, administrative agent and collateral agent and their affiliates. The foregoing description of the Eleventh Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Eleventh Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 10.1 Eleventh Amendment to Credit Agreement, dated June 22, 2016, by and among Dairyland USA Corporation and Chefs' Warehouse Parent, LLC, as Borrowers, and The Chefs' Warehouse, Inc. and the other Loan Parties party thereto, as Guarantors, the Lenders party thereto and Jefferies Finance LLC, as administrative agent and collateral agent. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE CHEFS' WAREHOUSE, INC. By: /s/Alexandros Aldous Name: Title: Alexandros Aldous General Counsel, Corporate Secretary, Chief Government Relations Officer & Chief Administrative Officer Date: March 18, 2024