Chefs’ Warehouse borrows $100 million under asset-based loan facility

By Wendy Van Sickle

Columbus, Ohio, March 18 – Chefs’ Warehouse, Inc. borrowed $100 million under its $150 million asset-based loan facility maturing in March of 2022, according to a news release Wednesday.

Inclusive of this borrowing, the company has about $175 million in cash on its balance sheet at this time.

Chefs’ Warehouse said it took this step to “maintain appropriate liquidity during this period of extreme uncertainty.”

The distributor of specialty food products is based in Ridgefield, Conn.

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