Aramark completes debt repricing

Philadelphia--(business wire)--aramark (nyse: armk), a global leader in food and facilities management, announced today the successful completion of a favorable repricing of the company's 2028 term loan b of $730 million and 2030 term loan b of $1.1 billion. the new applicable rate for both term loans will be secured overnight financing rate (“sofr”) plus 200 basis points, which reduces pricing by 50 basis points. aramark's proactive action is expected to result in an interest expense savings o.
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