secwatch.observer — SEC 8-K summary
======================================

Issuer:     Aramark (ARMK)
CIK:        0001584509
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001584509-25-000056
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584509/000158450925000056/0001584509-25-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584509/000158450925000056/cik0-20250218.htm
  HTML page:      https://secwatch.observer/filing/0001584509-25-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer