Chefs’ Warehouse to launch $250 million term loan on Tuesday

By Sara Rosenberg

New York, Aug. 8 – Chefs’ Warehouse Inc. (Dairyland USA Corp.) is scheduled to hold a lender call at 10 a.m. ET on Tuesday to launch a $250 million seven-year first-lien term loan, according to a market source.

Jefferies LLC is the left lead bookrunner on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to refinance an existing first-lien term loan and fund cash to the balance sheet.

Chefs’ Warehouse is a Ridgefield, Conn.-based distributor of specialty food products.

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