Company: CHEF
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001517175-25-000021
Chunk: 52

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 52
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484 of its ABL facility for the issuance of letters of credit and funds totaling $159,516 were available for borrowing under the ABL.GreenLeaf Unsecured NoteThe GreenLeaf Note matured on April 20, 2025, and the Company made the final principal payment of $5,000 during the thirty-nine weeks ended September 26, 2025. Previously, the Company made a scheduled principal payment of $5,000 towards the GreenLeaf Note during the thirty-nine weeks ended September 27, 2024. The GreenLeaf Note is presented at December 27, 2024 under the caption “Finance leases and other financing obligations” in the table above.Convertible NotesThe net carrying value of the Company’s 2028 convertible senior notes as of September 26, 2025 and December 27, 2024 was:September 26, 2025December 27, 2024Principal AmountUnamortized Deferred CostsNet AmountPrincipal AmountUnamortized Deferred CostsNet Amount2028 Convertible Notes$287,500 $(3,724)$283,776 $287,500 $(4,584)$282,916 The components of interest expense on the Company’s convertible notes were as follows: Thirteen Weeks EndedThirty-Nine Weeks Ended September 26, 2025September 27, 2024September 26, 2025September 27, 2024Coupon interest$1,707 $1,893 $5,121 $5,679 Amortization of deferred costs and premium287 333 860 999 Total interest$1,994 $2,226 $5,981 $6,678 

Note 9 – Stockholders’ Equity

Equity AwardsThe following table reflects the activity of RSAs and RSUs during the thirty-nine weeks ended September 26, 2025:Time-BasedPerformance-BasedMarket-BasedSharesWeighted AverageGrant Date Fair ValueSharesWeighted AverageGrant Date Fair ValueSharesWeighted AverageGrant Date Fair ValueUnvested at December 27, 2024483,284 $35.68 881,500 $34.79 303,036 $30.04 Granted216,968 63.42 740,294 63.03 35,101 61.16 Vested(208,904)35.24 (164,601)32.47 (162,351)29