Company: CHEF
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001517175-25-000021
Chunk: 22

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 22
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 of December 27, 2024$356,298 Foreign currency translation and other335 Carrying amount as of September 26, 2025$356,633 

Other intangible assets are net of accumulated amortization of $175,219 and $157,032 as of September 26, 2025 and December 27, 2024, respectively. Amortization expense for other intangibles was $6,084 and $5,874 for the thirteen weeks ended September 26, 2025 and September 27, 2024, respectively, and $18,187 and $18,216 for the thirty-nine weeks ended September 26, 2025 and September 27, 2024, respectively. 

Note 8 – Debt Obligations

Debt obligations as of September 26, 2025 and December 27, 2024 consisted of the following:Weighted Average Effective Interest Rate at September 26, 2025MaturitySeptember 26, 2025December 27, 2024Senior secured term loans8.06 %August 2029$252,750 $260,000 2028 Convertible senior notes2.77 %December 2028287,500 287,500 Asset-based loan facility6.19 %August 2030100,000 120,000 Finance leases and other financing obligations7.43 %Various104,918 52,673 Unamortized deferred costs(11,807)(13,389)Total debt obligations733,361 706,784 Less: current installments(21,623)(18,040)Total long-term debt$711,738 $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 thirty-nine weeks ended September 26, 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