Aramark Launches Process to Refinance 2024 Debt Maturity
PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, announced today the launch of a process to refinance the Company’s 2024 Term Loan B credit facility of $833 million that would proactively extend the maturity to 2028. The transaction is intended to be net leverage neutral, while maintaining comparable fixed-to-floating debt levels. Concurrently, Aramark initiated a process for a 3-year extension of both its Revolving Credit Facility
Aramark Launches Process to Refinance 2024 Debt Maturity
PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, announced today the launch of a process to refinance the Company’s 2024 Term Loan B credit facility of $833 million that would proactively extend the maturity to 2028. The transaction is intended to be net leverage neutral, while maintaining comparable fixed-to-floating debt levels. Concurrently, Aramark initiated a process for a 3-year extension of both its Revolving Credit Facility