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Chefs' Warehouse Says Has Borrowed $100M Under $150M Asset-Based Loan Facility; Says Also Has ~$175M In Cash On Balance Sheet

The Chefs' Warehouse, Inc. (NASDAQ:CHEF), a premier distributor of specialty food products in North America, today announced that on March 18, 2020, the Company borrowed $100 million under its $150

Benzinga · 03/18/2020 20:41

The Chefs' Warehouse, Inc. (NASDAQ:CHEF), a premier distributor of specialty food products in North America, today announced that on March 18, 2020, the Company borrowed $100 million under its $150 million Asset-Based Loan Facility, maturing in March of 2022. Inclusive of this borrowing, the Company has approximately $175 million in cash on its balance sheet at this time. The Company took this step to maintain appropriate liquidity during this period of extreme uncertainty.