UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On March 18, 2020, The Chefs’ Warehouse, Inc. (the “Company”) provided notice to the lenders to borrow an aggregate principal amount of $100.0 million under its $150 million Asset-Based Loan Facility (as defined below). Prior to this notice, there were no loan amounts outstanding under the Asset-Based Loan Facility. A copy of the press release announcing such drawdown is attached hereto as Exhibit 99.1 and is incorporated in this Item 2.03 by reference.
As previously disclosed, the Company is a party to a credit agreement, dated as of June 29, 2018, among Chefs’ Warehouse Parent, LLC and Dairyland USA Corporation, as co-borrowers, and the Company, as guarantor, other guarantors named therein and a group of lenders for which BMO Harris Bank, N.A. acts as administrative agent (as amended, the “Asset-Based Loan Facility”). The material terms of the Asset-Based Loan Facility are described in (i) the “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources” section of the Company’s Form 10-K for the fiscal year ended December 27, 2019, filed with the Securities and Exchange Commission (“SEC”) on February 24, 2020, and (ii) the Company’s Form 8-K filed with the SEC on July 2, 2018, which descriptions are incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release of The Chefs’ Warehouse, Inc. dated March 18, 2020. | |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE CHEFS’ WAREHOUSE, INC. | ||
| By: | /s/ Alexandros Aldous | |
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Name: Alexandros Aldous Title: General Counsel, Corporate Secretary and Chief Government Relations Officer | ||
Date: March 19, 2020