RIDGEFIELD, Conn., Sept. 16, 2013 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (Nasdaq: CHEF ), a premier distributor of specialty food products in the United States, announced today that it has filed a prospectus supplement with the Securities and Exchange Commission for a proposed public offering of 3,300,000 shares of its common stock. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase an additional 495,000 shares of the Company's common stock from them. The Company intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility as well as for general corporate purposes, which may include acquisitions of complementary businesses. The Company will not receive any proceeds from the sale of shares by the selling stockholders.
Jefferies, J.P. Morgan and BMO Capital Markets are acting as joint book-running managers of the offering. BB&T Capital Markets and Canaccord Genuity are acting as co-managers.
Copies of the prospectus supplement and prospectus relating to these securities, when available, may be obtained for free by contacting any of: Jefferies LLC, 520 Madison Avenue, 12 th Floor, New York, NY 10022, Attention: Equity Syndicate Prospectus Department, or by calling toll-free (877) 547-6340 or by email to prospectus_department@jefferies.com ; J.P. Morgan Securities, LLC c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: (866) 803-9204; or BMO Capital Markets Corp., Attn: Syndicate Department, 3 Times Square, 27th Floor, New York, New York 10036, or by email at bmoprospectus@bmo.com, or by calling (800) 414-3627.
A shelf registration statement relating to these securities has been filed with, and has been declared effective by, the SEC. This press release shall not constitute an offer to sell or a solicitation of an offer to buy shares of our common stock, nor shall there be any sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of such securities may be made only by means of the prospectus supplement and the related base prospectus.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements regarding the Company's intended offering of common stock and its intended use of proceeds of the offering. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, the statements. These risks and uncertainties include: demand for the Company's common stock and the aggregate offering price of the shares it sells, if any; and other risks and uncertainties described in the Company's registration statement on Form S-3 originally filed with the Securities and Exchange Commission on March 18, 2013, as amended, and the related prospectus and prospectus supplement, in the Company's most recent Annual Report on Form 10-K for the year ended December 28, 2012, and other filings the Company makes with the SEC. For these reasons, readers are cautioned not to place undue reliance on the Company's forward-looking statements. Any forward-looking statement that the Company makes speaks only as of the date of such statement, and the Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations: John Austin, CFO, (718) 684-8415
