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Aramark unit to repay bank loans, to redeem some 5¾% notes due 2020
By Susanna Moon
Chicago, May 16 – Aramark said indirect wholly owned subsidiary Aramark Services, Inc. plans to redeem some of its 5¾% senior notes due 2020 and to repay some debt under its senior secured credit facilities using proceeds of an add-on notes issue.
Aramark Services plans $1 billion principal amount of senior notes due 2024 and senior notes due 2026 in a private tack-on offering under Rule 144A and Regulation S to its $400 million of 5 1/8% senior notes due 2024 issued in December 2015, according to a company announcement.
Aramark is a Philadelphia-based customer service business across food, facilities and uniforms sectors.
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