Aramark (NYSE:ARMK) reduces $2.4 billion debt interest rate by 25 basis points. Exp. to save annual interest expense.
Aramark, a global company specializing in food and facilities management, has successfully completed a positive repricing for its 2030 Term Loan B, amounting to $2.4 billion. The revised interest rate will now be based on the Secured Overnight Financing Rate (SOFR) plus 175 basis points, showcasing a 25 basis point decrease in pricing. This proactive move is forecasted to result in annual savings on interest expenses, contributing to Aramark's overall capital strategies.
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