PHILADELPHIA--(BUSINESS WIRE)--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 s
Related Questions
How will the reduced interest expense from the loan repricing affect Aramark's earnings per share and cash flow outlook?
What impact could this debt repricing have on ARMK's credit rating and the pricing of its future debt issuances?
How does the new SOFR + 175 bps term loan compare to the financing terms of peer companies in the food and facilities management sector?