Aramark subsidiary closes $1.395B Term B-8 debt issuance, refinancing notes

Aramark

New $1.395B U.S. Term B-8 Loans established Feb 18, 2025.
Proceeds used to refinance U.S. Term B-4 Loans and redeem 5.000% Senior Notes due 2025.
Interest rate: Term SOFR + 2.00% or base rate + 1.00%; quarterly principal payments of ~$6.29M start Mar 31, 2025.
Some existing Term B-4 Loans converted into Term B-8 Loans via cashless roll; additional $880.3M funded by new lenders.
Loan maturity in 2030, terms similar to other Term B Loans under existing credit agreement.

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