{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-033362","form_type":"8-K","ticker":"VSTS","cik":"0001967649","company_name":"Vestis Corp","filed_at":"2023-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.472076+00:00","generated_at":"2026-06-10T06:34:16.778560+00:00","sec_items":["1.01","2.03","5.01","5.02","5.03","5.05","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Vestis completes spin-off from Aramark; begins trading as independent public company on NYSE under 'VSTS'","bullets":["Distribution of 130.7M shares to Aramark stockholders at 1-for-2 ratio effective Sept 30, 2023.","Entered into $1.8B credit facilities ($800M term A-1, $700M term A-2, $300M revolver); funded $1.457B transfer to Aramark.","Board expanded to 8 directors; Phillip Holloman Chairman, Doug Pertz Vice Chairman; Kim Scott President/CEO.","Adopted 2023 Long-Term Incentive Plan and granted DSU awards to non-employee directors.","Transition Services Agreement with Aramark for up to 24 months executed."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-033362","json":"https://secwatch.observer/filing/0001628280-23-033362.json","markdown":"https://secwatch.observer/filing/0001628280-23-033362.md","text":"https://secwatch.observer/filing/0001628280-23-033362.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1967649/000162828023033362/0001628280-23-033362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1967649/000162828023033362/vestiscorpclosing8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T06:34:16.778560+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"416abe1fde9af25aa595b1893ea9fb0476b07270","claim":"Vestis Corp incurred credit facility of $1,800 million with JPMorgan Chase Bank, N.A. acting as the administrative agent and the collateral agent at SOFR plus 2.25% (initially) maturing September 29, 2025 (Term A-1), September 29, 2028 (Term A-2 and Revolving Credit Facility), subject to Springing Maturity Date.","evidence_excerpt":"On September 29, 2023, the Company entered into senior secured financing with a syndicate of banks, financial institutions and other institutional lenders, with JPMorgan Chase Bank, N.A. acting as the administrative agent and the collateral agent, in an aggregate amount of $1,800 million, consisting of a term loan A-1 tranche in the amount of $800 million (the “Term Loan A-1”), a term loan A-2 tranche in the amount of $700 million (the “Term Loan A-2” and, together with the Term Loan A-1, the “Term Loan Facilities”) and a revolving credit facility in an aggregate amount of $300 million (the “Revolving Credit Facility” and, together with the Term Loan Facilities, the “Credit Facilities”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1967649/000162828023033362/0001628280-23-033362-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1,800 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. acting as the administrative agent and the collateral agent"},{"label":"Rate","value":"SOFR plus 2.25% (initially)"},{"label":"Maturity","value":"September 29, 2025 (Term A-1), September 29, 2028 (Term A-2 and Revolving Credit Facility), subject to Springing Maturity Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2752dbd9b5","claim":"Thomas G. 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Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}