September 24, 2016 11:45 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: 58
Chief Financial Officer, Executive Vice President and Director
Age: 64
Chief Accounting Officer, Senior Vice President and Controller
Age: 52
Compensation as of Fiscal Year 2016.

Aramark Services, Inc. Key Developments

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.

Aramark Services, Inc. Announces Offering of Senior Notes

Aramark announced that its indirect wholly owned subsidiary, Aramark Services, Inc. intends to privately offer $1.0 billion aggregate principal amount of senior unsecured notes due 2024 and senior unsecured notes due 2026. 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 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.

Aramark Services, Inc. Issues $400 Million of 5.125% Senior Notes Due 2024

On December 17, 2015, Aramark Services, Inc. issued $400 million of 5.125% Senior Notes due 2024 pursuant to the indenture, dated as of December 17, 2015, among the company, Aramark, the subsidiary guarantors named therein and The Bank of New York Mellon, as trustee. The notes are senior unsecured obligations of the company. The Notes rank equal in right of payment to all of the company’s existing and future senior debt and rank senior in right of payment to all of the company’s existing and future debt that is expressly subordinated in right of payment to the Notes. The Notes are unconditionally guaranteed on a senior unsecured basis by each wholly owned domestic subsidiary of the company that guarantees the company's senior secured credit facilities and 5.75% Senior Notes due 2020 (each a Guarantor and each such guarantee a Guarantee). Each Guarantee ranks equal in right of payment to all of the senior obligations of such Guarantor and will rank senior in right of payment to all of such Guarantor's obligations that are expressly subordinated in right of payment to the Notes. The Notes are also guaranteed on a senior unsecured basis by Parent for purposes of financial reporting. The Notes and the Guarantees are effectively subordinated to the company's existing and future secured debt and that of the Guarantors, including all indebtedness under the company's senior secured credit facilities, to the extent of the value of the assets securing that indebtedness. The Notes and the Guarantees are structurally subordinated to all of the liabilities of any of the company's subsidiaries that do not guarantee the Notes. Interest on the Notes will be payable on January 15 and July 15 of each year, commencing on July 15, 2016. Interest on the Notes will accrue from December 17, 2015. Interest will be calculated on the basis of a 360-day year of twelve 30-day months. The Notes mature on January 15, 2024. Prior to January 15, 2019, the company may redeem all or a portion of the Notes at a price equal to 100% of the principal amount of the Notes redeemed plus a make whole premium and accrued and unpaid interest, if any, to but not including the redemption date. Thereafter, the company has the option to redeem all or a portion of the Notes at any time at the redemption prices set out in the Indenture. In addition, prior to January 15, 2019, the company may redeem up to 40% of the aggregate principal amount of the Notes with the proceeds from one or more qualified equity offerings at a price equal to 105.125% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, to but not including the redemption date. In the event of certain types of changes of control, the holders of the Notes may require the company to purchase for cash all or a portion of their Notes at a purchase price equal to 101% of the principal amount of such Notes, plus accrued and unpaid interest, if any, to the purchase date. If the company or its restricted subsidiaries sell assets under certain circumstances, the company will be required to make an offer to purchase the Notes at a purchase price equal to 100% of the principal amount of such Notes, plus accrued and unpaid interest, if any, to the purchase date.

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Recent Private Companies Transactions

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