{"id":814183,"date":"2025-02-18T09:33:18","date_gmt":"2025-02-18T14:33:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/aramark-announces-successful-closing-of-debt-refinancing\/"},"modified":"2025-02-18T09:33:18","modified_gmt":"2025-02-18T14:33:18","slug":"aramark-announces-successful-closing-of-debt-refinancing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/aramark-announces-successful-closing-of-debt-refinancing\/","title":{"rendered":"Aramark Announces Successful Closing of Debt Refinancing"},"content":{"rendered":"

<\/p>\n

Aramark Announces Successful Closing of Debt Refinancing<\/b><\/p>\n

Fully Repaid 2025 U.S. Senior Notes<\/i><\/p>\n

Actions Extend Maturities and Further Enhance Financial Flexibility<\/i><\/p>\n

PHILADELPHIA–(BUSINESS WIRE<\/a>)–
\nAramark (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.\n<\/p>\n

\n\u201cWe are extremely pleased with the favorable outcome of our debt refinancing and the strong market demand for the transaction,\u201d said Jim Tarangelo, Aramark\u2019s Chief Financial Officer. \u201cThe Company will continue to proactively pursue opportunities to further enhance our capital structure given our financial flexibility with a focus on shareholder value creation.\u201d\n<\/p>\n

About Aramark
\n
<\/b>Aramark (NYSE: ARMK) proudly serves the world\u2019s 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<\/a> and connect with us on LinkedIn<\/a>, Facebook<\/a>, X<\/a>, and Instagram<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250218786733\/en\/<\/a><\/span><\/p>\n

Inquiries
\n<\/b>
Felise Glantz Kissell
\n
(215) 409-7287
\n
Kissell-Felise@aramark.com<\/a><\/p>\n

\nGene Cleary
\n
(215) 409-7945
\n
Cleary-Gene@aramark.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Pennsylvania<\/p>\n

INDUSTRY KEYWORDS:<\/b> Retail Other Retail Other Construction & Property Specialty Construction & Property Food\/Beverage<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Aramark Announces Successful Closing of Debt Refinancing Fully Repaid 2025 U.S. Senior Notes Actions Extend Maturities and Further Enhance Financial Flexibility PHILADELPHIA–(BUSINESS WIRE)– 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. … <\/p>\n

Continue reading “Aramark Announces Successful Closing of Debt Refinancing”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-814183","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAramark Announces Successful Closing of Debt Refinancing - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aramark-announces-successful-closing-of-debt-refinancing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aramark Announces Successful Closing of Debt Refinancing - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Aramark Announces Successful Closing of Debt Refinancing Fully Repaid 2025 U.S. Senior Notes Actions Extend Maturities and Further Enhance Financial Flexibility PHILADELPHIA–(BUSINESS WIRE)– 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. 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