July 24, 2017 10:50 PM ET

Commercial Services and Supplies

Company Overview of Aramark Services, Inc.

Company Overview

Aramark Services, Inc. provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It offers food and support services comprising business dining services, such as on-site restaurants, catering, convenience stores, and executive dining rooms; coffee and vending services; and facility management services, including housekeeping, plant operations and maintenance, energy management, laundry and linen, grounds keeping, landscaping, capital program management and commissioning services, and other facility consulting services related to building operations. The company also provi...

ARAMARK Tower

1101 Market Street

Philadelphia, PA 19107

United States

Founded in 1959

162,200 Employees

Phone:

800-999-8989

Key Executives for Aramark Services, Inc.

Chief Executive Officer, President and Director
Age: 59
Chief Financial Officer, Executive Vice President and Director
Age: 65
Chief Accounting Officer, Senior Vice President and Controller
Age: 53
Compensation as of Fiscal Year 2017.

Aramark Services, Inc. Key Developments

Aramark Services, Inc., Aramark Intermediate HoldCo Corporation, ARAMARK Canada Ltd., ARAMARK Investments Limited, ARAMARK Ireland Holdings Limited, ARAMARK Regional Treasury Europe, Designated Activity Company, ARAMARK Holdings GmbH & Co. KG, Aramark International Finance S.à r.l. and Certain Wholly-Owned Domestic Subsidiaries of the Company Enters into Credit Agreement

On March 28, 2017 (the Closing Date), Aramark Services Inc., Aramark Intermediate HoldCo Corporation, ARAMARK Canada Ltd., ARAMARK Investments Limited, ARAMARK Ireland Holdings Limited, ARAMARK Regional Treasury Europe, Designated Activity Company, ARAMARK Holdings GmbH & Co. KG, Aramark International Finance S.à r.l. and certain wholly-owned domestic subsidiaries of the company entered into a credit agreement (the New Senior Secured Credit Agreement) with the financial institutions from time to time party thereto (the Lenders), the issuing banks named therein, JPMorgan Chase Bank, N.A., as administrative agent for the Lenders and collateral agent for the secured parties thereunder. The New Senior Secured Credit Agreement provides for senior secured credit facilities (the Senior Secured Credit Facilities) in the aggregate principal amount of USD 3,600.0 million comprising of term loan facilities consisting of a U.S. dollar denominated term A loan to the Company in an amount of USD 650.0 million (due in 2022), a Canadian dollar denominated term A loan to Aramark Canada Ltd. in an amount equal CAD 133.4 million (due in 2022), a U.S. dollar denominated term B loan to the company in the amount of $1,750.0 million (due in 2024) and a Yen denominated term C loan to the company in an amount equal to JPY 11,107 million (due in 2022) and (b) a revolving credit facility of up to USD 1,000.0 million with borrowings to the Company and certain of the company’s foreign subsidiaries available in U.S. dollars, Canadian dollars, Euros and Pounds Sterling, which includes capacity for USD 250.0 million of letters of credit. The revolving credit facility matures in 2022. The term loan facilities were funded in full on the Closing Date and $71.0 million under the revolving credit facility was drawn on the Closing Date.

Aramark Services, Inc. Intends to Privately Offer $600.0 Million Aggregate Principal Amount of Senior Unsecured Notes Due 2025

On March 9, 2017, Aramark announced that its indirect wholly owned subsidiary, Aramark Services, Inc. intends to privately offer $600.0 million aggregate principal amount of senior unsecured notes due 2025. The Issuer intends to use the proceeds from the offering of the Notes, together with other financing sources, to redeem the entire outstanding aggregate principal amount of its 5.75% Senior Notes due 2020, to refinance the term loans under its senior secured credit facilities and to pay premiums, fees and expenses.

Aramark Services, Inc. Prices Private Offering of $500.0 Million of Senior Unsecured Notes Due 2024 and $500.0 Million of Senior Unsecured Notes Due 2026

Aramark announced that its indirect wholly owned subsidiary, Aramark Services, Inc. priced a private offering of $500.0 million aggregate principal amount of senior unsecured notes due 2024 and $500.0 million aggregate principal amount of senior unsecured notes due 2026 (together with the 2024 Notes, the Notes). The 2024 Notes are expected to constitute a further issuance of the $400 million aggregate principal amount of 5.125% senior notes due 2024 that were issued in December 2015. The Notes are expected to be issued on or around May 31, 2016. The Issuer intends to use the proceeds from the offering of the Notes to redeem a portion of the Issuer's outstanding 5.75% senior unsecured notes due 2020, repay certain borrowings under its senior secured credit facilities and pay related fees and expenses. The Notes will be sold in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the Securities Act), in the United States only to investors who are reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act, or outside the United States in accordance with Regulation S under the Securities Act.

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Recent Private Companies Transactions

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