debt
confidence high
sentiment neutral
materiality 0.60
Aramark to redeem $551.5M of 5.000% Senior Notes due 2025; issues $1,395M new term loans
Aramark
- Issuer to redeem all $551,538,000 of 5.000% Senior Notes due 2025 on Feb 18, 2025 at 100% plus accrued interest.
- Redemption conditional on receipt of proceeds from new indebtedness; condition may be waived.
- Completed syndication of $1,395M New U.S. Term B-8 Loans due June 2030.
- Proceeds from new loans will fund redemption, refinance existing term loans, and pay fees; net leverage neutral.