Aramark Adds $1.395 Billion in Term Loans to Refinance Debt and Redeem 2025 Notes
Aramark Services, Inc., an indirect wholly owned subsidiary of Aramark, entered into Incremental Amendment No. 17 to its credit agreement on February 18, 2025, establishing $1,395,000,000 of new U.S. Term B-8 Loans due June 2030. The proceeds were used to refinance the U.S. Term B-4 Loans, redeem the company's 5.000% Senior Notes due 2025, and pay related fees and costs. The filing describes a refinancing of existing debt rather than new borrowing for an acquisition or other stated purpose.
Key points
- New U.S. Term B-8 Loans totaling $1,395,000,000, fungible with existing B-8 loans due June 2030
- Loans bear interest at Term SOFR or a base rate, plus a margin of 2.00% (Term SOFR) or 1.00% (base rate)
- Proceeds refinanced U.S. Term B-4 Loans and redeemed the 5.000% Senior Notes due 2025
- Quarterly principal installments begin March 31, 2025, with a balloon payment of $2,346,397,208.12 at maturity
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2025.
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