Chefs’ Warehouse talks $239.7 million term loan at Libor plus 350 bps

By Sara Rosenberg

New York, Nov. 8 – Chefs’ Warehouse Inc. launched on Thursday its $239.7 million term loan with price talk of Libor plus 350 basis points with a 0% Libor floor and a par issue price, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

Jefferies LLC is the lead bank on the deal.

Proceeds will be used to reprice an existing term loan down from Libor plus 400 bps with a 1% Libor floor.

Consents are due at noon ET on Nov. 15, the source added.

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

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