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Chef's Warehouse gets $100 million credit facility led by Jefferies
By Sara Rosenberg
New York, Oct. 29 - The Chef's Warehouse closed on a new $100 million credit facility, according to a market source.
The facility consists of a $25 million three-year ABL revolver priced at Libor plus 325 basis points and a $75 million term loan due April 22, 2014 priced at Libor plus 900 bps, the source said.
Jefferies acted as the bookrunner on the deal that was completed on Oct. 22 and is the administrative agent on the term loan, while JPMorgan is the agent on the revolver.
Proceeds were used to refinance existing debt.
Chef's Warehouse is an owner-operated specialty food distributor.
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