The Chefs’ Warehouse announced that it intends to offer, subject to market conditions and other factors, $250M aggregate principal amount of its convertible senior notes due 2028 in a private placement to qualified institutional buyers. The company expects to use a portion of the net proceeds from the offering to pay the cash portion of the consideration in the concurrent exchange transactions. The company intends to use the remainder of the net proceeds from the offering for general corporate purposes.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CHEF:
- The Chefs’ Warehouse Announces Offering of $250 Million of Convertible Senior Notes Due 2028
- Chefs’ Warehouse management to meet virtually with Lake Street
- Chefs’ Warehouse price target raised to $51 from $49 at Benchmark
- TipRanks ‘Perfect 10’ List: These 2 Stocks Are Sending a Bullish Signal
- The Chefs’ Warehouse announces the acquisition of Chef Middle East, investing in the fast-growing GCC region