---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-009073"
form_type: "8-K"
ticker: "VSTS"
cik: "0001967649"
company_name: "Vestis Corp"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:01:56.652556+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Vestis refinances $800M term loan, extends maturity to 2031

## Summary
- Refinanced $800M 2-year Term Loan A-1 with $800M 7-year Term Loan B maturing 2031.
- New loan priced at SOFR + 225 bps, stepping down to +200 bps at 3.30x net leverage.
- Transaction is net leverage neutral and issued with 0.25% original issue discount.
- Remaining $691M Term Loan A-2 and undrawn $300M revolver both mature in 2028.
- Company targets optimal net leverage of 1.5x–2.5x by FY26.

## SEC filing metadata
- accession: 0001140361-24-009073
- form_type: 8-K
- ticker: VSTS
- cik: 0001967649
- company_name: Vestis Corp
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1967649/000114036124009073/0001140361-24-009073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1967649/000114036124009073/ef20022209_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-009073
- JSON: https://secwatch.observer/filing/0001140361-24-009073.json
- Plain text: https://secwatch.observer/filing/0001140361-24-009073.txt

## Key facts
- Debt Financings
  Vestis Corp incurred credit facility of $800 million with JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC at SOFR plus 2.25% (initial margin) or Base Rate plus 1.25% (initial margin), with maturing February 22, 2031.
  - Instrument: credit facility
  - Principal: $800 million
  - Counterparty: JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC
  - Rate: SOFR plus 2.25% (initial margin) or Base Rate plus 1.25% (initial margin), with
  - Maturity: February 22, 2031
  - Event: incurrence
  source text: On February 22, 2024, the Company entered into an $800 million term loan B-1 maturing February 22, 2031 (the “ Term B-1 Loan ), in order to refinance its existing $800 million term loan A-1 facility, pursuant to Amendment No. 1 (the “ Amendment ”) to its existing Credit Agreement, dated as of September 29, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1967649/000114036124009073/0001140361-24-009073-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.