secwatch.observer — SEC 8-K summary
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Issuer:     Aramark (ARMK)
CIK:        0001584509
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001584509-24-000088
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aramark refinances $1.825B of term loans with new SOFR-based tranches, no quarterly payments on $730M piece
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- Refinanced $730.5M Term B-5 loans into Term B-7 loans due April 2028; refinanced $1.0945B Term B-6 loans into Term B-8 loans due June 2030.
- New Term B-7 and Term B-8 loans bear interest at Adjusted Term SOFR + 2.00% or base rate + 1.00%.
- Term B-7 loans require no quarterly principal payments; Term B-8 loans require quarterly installments of $2.75M starting March 31, 2024.
- Proceeds used to repay prior outstanding term loans; covenants, guarantees and collateral terms remain substantially identical.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584509/000158450924000088/0001584509-24-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584509/000158450924000088/cik0-20240327.htm
  HTML page:      https://secwatch.observer/filing/0001584509-24-000088

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