Aramark adds $55 million to revolver commitments, now at $605 million

By Toni Weeks

San Luis Obispo, Calif. March 28 - Aramark Corp. again amended its credit agreement dated March 26, 2010 with JPMorgan Chase Bank, NA as administrative agent and collateral agent, this time to increase commitments under the revolving loan by $55 million to $605 million.

Of the total amount, $50 million of commitments have a maturity date of Jan. 26, 2015 and $555 million have a maturity date of Jan. 26, 2017, according to an 8-K filed with the Securities and Exchange Commission. However, if term loans due on July 26, 2016 remain outstanding on April 26, 2016, the maturity date accelerates to April 26, 2016.

No other terms of the revolving commitments were changed by the amendment, the filing noted.

JPMorgan Chase Bank, NA is the letter-of-credit facility issuer.

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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