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Last $71.02 USD
Change Today +0.01 / 0.01%
Volume 44.4K
GK On Other Exchanges
As of 5:20 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

g & k services inc -cl a (GK) Key Developments

G&K Services, Inc. Completes $350 Million Revolving Credit Facility

G&K Services Inc. announced the successful refinancing of its unsecured revolving credit facility. The new five-year, $350 million revolving credit facility replaces the company’s existing $250 million revolving credit facility, which was scheduled to expire in March 2017. The prior facility had borrowings of $30 million at the closing of refinancing. The new credit facility was provided by a syndicate of financial institutions and arranged by Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, and Merrill, Lynch, Pierce, Fenner & Smith Incorporated. The facility, which will mature on April 15, 2020, bears interest between 1.00% to 1.75% over LIBOR, depending on the company’s leverage ratio. The new facility can be expanded by $200 million, to a total size of $550 million.

G&K Services Inc. Announces Executive Changes, Effective April 20, 2015

On April 1, 2015, Timothy N. Curran, G&K Services Inc.'s Senior Vice President, U.S. Field, tendered his voluntary resignation effective April 30, 2015. Effective April 20, 2015, the company will appoint Ian G. Davis to the position of Vice President, U.S. Field, and he will assume the duties currently undertaken by Mr. Curran. Mr. Davis, who is 50, has been the company's Vice President and Chief Information Officer since September 2012. He joined the company in 2007 and served previously as Vice President, Sales and Service Process Excellence and as a Regional Vice President in the company's Canada and Upper Midwest regions, driving profitable growth. Before joining the company, Mr. Davis spent 11 years as a senior leader with LSG Sky Chefs. His last role at LSG Sky Chefs was as Vice President, Operational Excellence, where he was responsible for lean manufacturing, facility engineering, quality systems, environmental systems and fleet management across more than 50 facilities in the United States and Canada.

G&K Services Teams with Dickies to Deliver a Cooler Performance Shirt for Customers

G&K Services Inc. announced that it is now offering Dickies WorkTech Premium Performance Shirts to help employees stay cool on the job and lessen heat related stress. The shirt is designed with AeroCool™ performance mesh, which provides ventilation in key areas, ideal for people who work in high heat or sweat prone environments. Created using body heat mapping technology, the WorkTech Premium Performance Shirts maximize cooling under the arms and across the back by bringing in air and moving heat away from the body.

G&K Services Inc. Presents at Baird Business Solutions Conference, Feb-24-2015 02:25 PM

G&K Services Inc. Presents at Baird Business Solutions Conference, Feb-24-2015 02:25 PM. Venue: The Pierre Hotel, 2 East 61st Street, New York, New York, United States. Speakers: Douglas A. Milroy, Chairman and Chief Executive Officer, Tracy C. Jokinen, Chief Financial Officer.

G&K Services Declares Regular Quarterly Cash Dividend, Payable on March 20, 2015

G&K Services Inc. announced that its board of directors has declared a quarterly dividend of $0.31 per share. The dividend will be payable on March 20, 2015 to shareholders of record at the close of business on March 5, 2015.


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