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An announcement from ARAMARK Holdings ( (ARMK) ) is now available.
On January 17, 2025, Aramark Services, Inc., an indirect wholly owned subsidiary of Aramark, announced its decision to redeem the entire $551,538,000 principal amount of its 5.000% Senior Notes due 2025. The redemption, conditioned upon securing new indebtedness, will occur on February 18, 2025, at a price equal to the full principal amount plus accrued interest. In tandem with this redemption, Aramark has successfully syndicated new U.S. dollar denominated term loans amounting to $1,395 million, due June 2030. The proceeds from these loans are expected to be used for the redemption, refinancing existing loans, and covering related expenses, while maintaining a net leverage neutral position for the company.
More about ARAMARK Holdings
YTD Price Performance: 6.30%
Average Trading Volume: 1,985,198
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $10.41B
See more data about ARMK stock on TipRanks’ Stock Analysis page.
