Company: CHEF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001628280-25-036589
Chunk: 18

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 18
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 accumulated amortization of $169,135 and $157,032 as of June 27, 2025 and December 27, 2024, respectively. Amortization expense for other intangibles was $6,009 and $6,171 for the thirteen weeks ended June 27, 2025 and June 28, 2024, respectively, and $12,103 and $12,342 for the twenty-six weeks ended June 27, 2025 and June 28, 2024, respectively. 

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Note 8 – Debt Obligations

Debt obligations as of June 27, 2025 and December 27, 2024 consisted of the following:Weighted Average Effective Interest Rate at June 27, 2025MaturityJune 27, 2025December 27, 2024Senior secured term loans8.57 %August 2029$253,500 $260,000 2028 Convertible senior notes2.77 %December 2028287,500 287,500 Asset-based loan facility6.45 %March 2027100,000 120,000 Finance leases and other financing obligations7.28 %Various80,398 52,673 Unamortized deferred costs(12,101)(13,389)Total debt obligations709,297 706,784 Less: current installments(19,074)(18,040)Total long-term debt$690,223 $688,744 Senior Secured Term Loan Credit FacilityIn June 2025, the Company entered into an amendment (“Thirteenth Amendment”) to its senior secured term loan agreement, which reduced the interest rate spread on its senior secured term loan facility. Arrangement fees of $525 and third-party transaction costs of $49 were expensed as incurred during the thirteen and twenty-six weeks ended June 27, 2025 and included in interest expense and other operating expenses, respectively, within the Company’s condensed consolidated statements of operations.In March 2024, the Company entered into an amendment (“Eleventh Amendment”) to its senior secured term loan agreement, which reduced the interest rate spread on its senior secured term loan facility. As a result of this amendment, the Company incurred a loss on debt extinguishment of $50 during the twenty-six weeks ended June 28, 2024, which represents the portion of unamortized deferred financing fees attributable to the lender that exited the loan synd