Chefs’ Warehouse offers $50 million more 1.875% convertibles due 2024

By Abigail W. Adams

Portland, Me., Feb. 24 – Chefs’ Warehouse Inc. plans to price a $50 million tap of its 1.875% convertible notes due 2024, according to a company news release.

The add-on will form a single series with the existing 1.875% notes.

Approximately $31.2 million of net proceeds will be used to repay the outstanding amount under the company’s term loan facility with remaining proceeds to be used for general corporate purposes.

The Chefs’ Warehouse priced a $150 million offering of the 1.875% convertible notes in November 2019.

The company is a Ridgefield, Conn.-based distributor of specialty food products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.