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Aramark Announces Successful Closing of Debt Refinancing

1. Aramark raised $1.395 billion through a successful debt refinancing. 2. The oversubscribed refinancing improves liquidity and reduces upcoming debt.

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FAQ

Why Bullish?

The successful refinancing indicates strong investor confidence, similar to past oversubscriptions that fueled growth.

How important is it?

The debt refinancing is crucial for ARMK's financial health, affecting liquidity and strategic growth.

Why Short Term?

Immediate benefits from the refinancing will reflect in the short-term liquidity and debt management.

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DHIHRL
PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK), a global leader in food and facilities management, announced today that the Company successfully closed on a debt refinancing, raising approximately $1,395 million as an add-on to its existing Term Loan B, with a maturity date in 2030. The refinancing was significantly oversubscribed, which led to upsizing the Term Loan B. The proceeds were used to fully repay $552 million of 2025 U.S. Senior Notes, as well as to refinance $839 million of 202.

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