Shearman And Sterling

News June 08, 2020

Chefs’ Warehouse $355 Million Amended Term Loan Facility

Shearman & Sterling advised Chefs’ Warehouse Parent, LLC and Dairyland USA Corporation, as borrowers, on an amendment to their existing $355 million senior secured term loan facility agented by Jefferies Finance LLC to, among other things, extend the maturity date of a large portion of their existing term loans.

The Chefs' Warehouse, Inc., together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products. The company also offers a line of center-of-the-plate products, including custom cut beef, seafood, and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk, and flour.

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