Simpson Thacher recently represented Aramark Services, Inc. (the “Company”), a subsidiary of Aramark (NYSE: ARMK), in connection with a refinancing (the “Refinancing”) of its existing Credit Agreement, dated as of March 28, 2017, among the Company, Aramark Intermediate HoldCo Corporation, certain other borrowers party thereto and certain wholly-owned domestic subsidiaries of the Company, the financial institutions from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent.
The Refinancing provides for, among other things, the extension of the maturity date applicable to its U.S. Term B-3 Loans by establishing refinancing term loans comprised of new U.S. Term B-6 Loans in an amount equal to $1,100,000,000, due in June 2030.
Aramark is a leading global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients.
The Simpson Thacher team included Eli Isak and Robert Meyer (Credit); Joseph Kaufman (Capital Markets); and Dennis Loiacono (Real Estate).