Chefs' Warehouse Raises $250M Through Debt Offering

by Shivani Kumaresan, Benzinga Staff Writer

December 9, 2022 12:16 PM | 1 min read | Make a Comment

Chefs' Warehouse Inc CHEF has priced the $250 million aggregate principal amount of 2.375% convertible senior notes due 2028.
The company also granted the initial purchasers of the convertible notes an option to purchase additional $37.5 million of convertible notes.
The sale of convertible notes to the initial purchasers is expected to settle on December 13, 2022.
The notes will bear interest at a rate of 2.375% per year and will pay interest semiannually in arrears on June 15 and December 15 of each year, beginning on June 15, 2023.
The company expects to use approximately $159.8 million of the net proceeds to pay concurrent exchange transactions and the remainder for general corporate purposes.
Price Action: CHEF shares are trading lower by 0.09% at $34.02 on the last check Friday.

Posted In: News Offerings Small Cap General Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.