Aramark amends loan, increasing dollar capacity to $950 million

By Sara Rosenberg

New York, Dec. 7 - Aramark Corp. amended its credit facility, increasing the total dollar credit capacity to $950 million from $800 million, according to an 8-K filed with the Securities and Exchange Commission Thursday.

Proceeds from the additional capacity were used to repay the company's 7.1% notes that matured on Dec. 1 and to finance a recent acquisition.

JPMorgan is the administrative agent on the deal.

The amendment was completed on Dec. 1.

Aramark is a Philadelphia-based provider of food and facility management services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.