Aramark Announces Successful Closing of Debt Refinancing
18 Février 2025 - 3:00PM
Business Wire
Fully Repaid 2025 U.S. Senior Notes
Actions Extend Maturities and Further Enhance
Financial Flexibility
Aramark (NYSE: ARMK), a global leader in food and facilities
management, announced today that the Company successfully closed on
a debt refinancing, raising approximately $1,395 million as an
add-on to its existing Term Loan B, with a maturity date in 2030.
The refinancing was significantly oversubscribed, which led to
upsizing the Term Loan B. The proceeds were used to fully repay
$552 million of 2025 U.S. Senior Notes, as well as to refinance
$839 million of 2027 Term Loan B. These transactions are 1) net
leverage neutral, 2) at comparable interest rates, and 3) further
extend maturities.
“We are extremely pleased with the favorable outcome of our debt
refinancing and the strong market demand for the transaction,” said
Jim Tarangelo, Aramark’s Chief Financial Officer. “The Company will
continue to proactively pursue opportunities to further enhance our
capital structure given our financial flexibility with a focus on
shareholder value creation.”
About Aramark Aramark (NYSE: ARMK) proudly serves the
world’s leading educational institutions, Fortune 500 companies,
world champion sports teams, prominent healthcare providers, iconic
destinations and cultural attractions, and numerous municipalities
in 16 countries around the world with food and facilities
management. Because of our hospitality culture, our employees
strive to do great things for each other, our partners, our
communities, and the planet. Learn more at www.aramark.com and
connect with us on LinkedIn, Facebook, X, and Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20250218786733/en/
Inquiries Felise Glantz Kissell (215) 409-7287
Kissell-Felise@aramark.com
Gene Cleary (215) 409-7945 Cleary-Gene@aramark.com
Aramark (NYSE:ARMK)
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