Canaccord completes equity offering for The Chef's Warehouse

Canaccord completes equity offering for The Chef's Warehouse

Offering included 3,800,000 shares sold by the company and 1,375,000 shares sold by certain of the company's existing stockholders.

Canaccord Genuity is pleased to announce that on Sept. 25, 2013, it completed an underwritten public offering of common stock for The Chefs' Warehouse Inc. (Nasdaq:CHEF). The offering included 3,800,000 shares sold by the Company and 1,375,000 shares sold by certain of the Company's existing stockholders, including 675,000 shares sold pursuant to the exercise of the underwriters' option to purchase additional shares of common stock from such selling stockholders. Canaccord Genuity Inc. acted as co-manager for the offering.

The Chefs' Warehouse intends to use the net proceeds from this 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 Chefs' Warehouse Inc. is a premier distributor of specialty food products in the United States and Canada focused on serving the specific needs of chefs who own and/or operate some of North America's leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. The Chefs' Warehouse Inc. carries and distributes more than 23,200 products to more than 17,500 customer locations throughout the United States and Canada. For more information, please visit chefswarehouse.com.

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