Aramark extends revolver, term loan A, ups revolver to $1.2 billion

By Marisa Wong

Los Angeles, April 7 – Aramark said it finalized a three-year extension on substantially all of its revolving credit facility and term loan A to 2026.

Aramark also upsized its revolver to about $1.2 billion, which increases its cash availability by over $200 million, according to a press release.

In addition, Aramark closed the previously announced $833 million refinancing of its 2024 term loan B that extends the maturity to 2028.

The transactions are net leverage neutral, while maintaining comparable fixed-to-floating debt levels, the company noted.

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

© 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.