Aramark Completes Debt Repricing
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6:30 AM on Monday, August 18
The Associated Press
PHILADELPHIA--(BUSINESS WIRE)--Aug 18, 2025--
Aramark (NYSE:ARMK), a global leader in food and facilities management, announced the successful completion of a favorable repricing for the Company’s 2028 Term Loan B, totaling $730 million. The new applicable interest rate will be the Secured Overnight Financing Rate (SOFR) plus 175 basis points, representing a 25 basis point reduction in pricing. This proactive action is expected to generate annual interest expense savings, further enhancing Aramark’s capital structure. There is no change to the Company’s outstanding debt, maturities, or covenants from the repricing.
“This oversubscribed repricing reflects the strength of our financial profile and the market’s confidence in the Company’s significant business opportunities ahead,” said James Tarangelo, Aramark’s Chief Financial Officer. “By reducing our interest expense, we are creating additional financial flexibility to deliver value for our shareholders.”
About Aramark
Aramark (NYSE: ARMK) proudly serves the world’s leading educational institutions, Fortune 500 companies, world champion sports teams, prominent healthcare providers, iconic destinations and cultural attractions, and numerous municipalities in 16 countries around the world with food and facilities management. Because of our hospitality culture, our employees strive to do great things for each other, our partners, our communities, and the planet. Learn more at www.aramark.com and connect with us on LinkedIn, Facebook, X, and Instagram.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250818353885/en/
CONTACT: Inquiries
Felise Glantz Kissell
(215) 409-7287
Gene Cleary
(215) 409-7945
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY GENERAL SPORTS SPORTS ENTERTAINMENT EVENTS/CONCERTS RESTAURANT/BAR FOOD/BEVERAGE RETAIL OTHER CONSTRUCTION & PROPERTY
SOURCE: Aramark
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PUB: 08/18/2025 07:30 AM/DISC: 08/18/2025 07:29 AM
http://www.businesswire.com/news/home/20250818353885/en
