Aramark refinances $1.1B in term loans, extending maturity to 2030

Aramark

New U.S. Term B-6 Loans of $1.1B, due June 2030, refinance existing U.S. Term B-3 Loans.
Interest rate: Adjusted Term SOFR plus 2.50% or base rate plus 1.50%.
Quarterly principal payments of $2.75M from Sept 30, 2023 through March 31, 2030; balloon at maturity.
Loans subject to same guarantees, collateral, and covenants as existing term loans.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Aramark amended Amendment No. 12 with JPMorgan Chase Bank, N.A. valued at $1,100,000,000 (effective 2023-06-22).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Value: $1,100,000,000
Effective: 2023-06-22

Exact text from the filing

On June 22, 2023 (the “Closing Date”), Aramark Services, Inc. (the “Company”), an indirect wholly owned subsidiary of Aramark (“Aramark” or “Parent”), Aramark Intermediate HoldCo Corporation (“Holdings”) and certain wholly-owned domestic subsidiaries of the Company entered into Amendment No. 12 (the “Amendment”) with the financial institutions party thereto and JPMorgan Chase Bank, N.A. as administrative agent for the Lenders

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Source: SEC EDGAR

accession 0001584509-23-000144

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