Moody’s applies B2 to Aramark notes

Moody's Investors Service said it assigned a B2 rating to Aramark Services, Inc.'s proposed $1 billion senior unsecured notes due 2024 and 2026.

All other ratings, including the Ba3 corporate family rating, and the stable outlook remain unchanged.

Net proceeds from the new notes will be used for general corporate proposes, including to reduce the outstanding balances under Aramark's existing senior unsecured notes due 2020 and senior secured term loan facility due 2019.

"The announced transaction extends Aramark's debt maturity schedule, thereby enhancing liquidity," Moody's senior credit officer Edmond DeForest said in a news release.

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