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The Chefs' Warehouse strikes better rate on credit facility loan

Published 12/13/2017, 04:10 PM
© Reuters.  The Chefs' Warehouse strikes better rate on credit facility loan
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  • The Chefs’ Warehouse (NASDAQ:CHEF) announces that it repriced its existing $289M term loans under its senior secured term loan B facility.
  • The company says the term loan facility was repriced from 475 basis points to 400 basis points over LIBOR.
  • The repriced loans continue to be due in full on June 22, 2022.
  • “We are pleased to have closed this amendment to our existing credit facility, which will reduce our interest expense leaving us with more cash to grow and operate the business,” says Chefs' CEO Chris Pappas.
  • Source: Press Release
  • Now read: United Natural Foods Breaks Sales Record In Q1 2018


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