Aramark seeks to push out maturity on institutional bank debt

By Sara Rosenberg

New York, Feb. 9 - Aramark Corp. is looking to extend the maturity on about $1 billion of its term loan and synthetic letter-of-credit facility debt, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

Currently, the debt that the company is looking to extend matures on Jan. 26, 2014, and there is $1.987 billion of outstanding borrowings under the tranches.

Aramark is a Philadelphia-based professional services company that provides food, hospitality and facility management services as well as uniform and work apparel.

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