Chefs’ Warehouse to launch $405 million credit facility on Thursday

By Sara Rosenberg

New York, May 31 – The Chefs’ Warehouse Inc. is set to hold a bank meeting at 11 a.m. ET on Thursday to launch a $405 million credit facility, according to a market source.

Jefferies Finance LLC is the left lead on the deal.

The facility consists of a $75 million ABL revolver, a $280 million term loan and a $50 million delayed-draw term loan, the source said.

Proceeds will be used to refinance existing credit facility debt, to retire outstanding senior secured notes, for general corporate purposes and for potential acquisitions.

Chefs’ Warehouse is a Ridgefield, Conn.-based distributor of specialty food products.

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