Shearman & Sterling advised The Chefs’ Warehouse, Inc., as issuer, on its Rule 144A offering of $150 million aggregate principal amount of 1.875% convertible senior notes due 2024, including $20 million aggregate principal amount of the notes purchased by the initial purchasers pursuant to their fully exercised option to purchase additional notes. 

The company intends to use the net proceeds from the offering to repay all outstanding borrowings under its asset-based loan facility and for working capital and general corporate purposes, which may include future acquisitions.

The Chefs’ Warehouse is a premier distributor of specialty food products in the United States and Canada focused on serving the specific needs of chefs who own and/or operate some of the nation’s leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores. 

The Shearman & Sterling team below included associate Brian Bishop.

The Team