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0.000269796303790584 0.000134898151895196 0.00134898151895311 0.000809388911371753 0.00984756508835815 0.0107918521516255 0.00795899096182368 0.0103871576959395
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Aramark Announces Successful Closing of Debt Refinancing [Yahoo! Finance]

Aramark (ARMK) 
Last aramark earnings: 2/4 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
In This Article ARMK Fully Repaid 2025 U.S. Senior Notes Actions Extend Maturities and Further Enhance Financial Flexibility PHILADELPHIA, February 18, 2025 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 2027 Term Loan B. These transactions are 1) net leverage neutral, 2) at comparable interest rates, and 3) further extend maturities. "We are extremely pleased with the favorable outcome of our debt refinancing and the strong market demand for the transaction," said Jim Tarangelo, Aramark's Chief Financial Officer. "The Company will continue to pro Show less Read more
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