Aramark Enters Material Definitive Agreement

Ticker: ARMK · Form: 8-K · Filed: Mar 27, 2024 · CIK: 1584509

Aramark 8-K Filing Summary
FieldDetail
CompanyAramark (ARMK)
Form Type8-K
Filed DateMar 27, 2024
Risk Levelmedium
Pages4
Reading Time4 min
Key Dollar Amounts$0.01, $730,458,023.44, $1,094,500,000.00, $2,750,000
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, filing-update

TL;DR

Aramark signed a big deal, filing shows.

AI Summary

On March 27, 2024, Aramark entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company, incorporated in Delaware, has its principal executive offices at 2400 Market Street, Philadelphia, PA.

Why It Matters

This filing indicates a significant new contract or transaction for Aramark, which could impact its future financial performance and operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's financial health and stock price.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Aramark?

The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on March 27, 2024.

What are the key financial statements and exhibits included with this filing?

The filing indicates that financial statements and exhibits are included, but their specific content is not detailed in the provided text.

When was Aramark incorporated and where are its principal executive offices located?

Aramark was incorporated in Delaware and its principal executive offices are located at 2400 Market Street, Philadelphia, PA.

What is Aramark's IRS Employer Identification Number?

Aramark's IRS Employer Identification Number is 20-8236097.

Has Aramark's name changed previously?

Yes, Aramark was formerly known as ARAMARK Holdings Corp, with a date of name change on August 15, 2013.

Filing Stats: 1,066 words · 4 min read · ~4 pages · Grade level 8.8 · Accepted 2024-03-27 16:18:22

Key Financial Figures

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Amendment No. 14 to the Credit Agreement On March 27, 2024 (the " Closing Date "), Aramark Services, Inc. (the " Company "), an indirect wholly-owned subsidiary of Aramark (" Aramark " or " Parent "), Aramark Intermediate HoldCo Corporation (" Holdings ") and certain wholly-owned domestic subsidiaries of the Company entered into Amendment No. 14 (the " Amendment ") with the financial institutions party thereto and JPMorgan Chase Bank, N.A. as administrative agent for the Lenders (as defined below) and collateral agent for the secured parties thereunder to the Credit Agreement (as amended by the Amendment, the " Credit Agreement "), dated March 28, 2017, among the Company, Holdings, certain other borrowers party thereto and certain wholly-owned domestic subsidiaries of the Company, the financial institutions from time to time party thereto (including the financial institutions party to the Amendment, the "Lenders"), the issuing banks named therein and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders and collateral agent for the secured parties thereunder. The Amendment provides for, among other things, the repricing of all of the U.S. Term B-5 Loans (as defined in the Credit Agreement) and U.S. Term B-6 Loans (as defined in the Credit Agreement) previously outstanding under the Credit Agreement by refinancing (i) all of the U.S. Term B-5 Loans previously outstanding under the Credit Agreement with new U.S. Term B-7 Loans in an amount equal to $730,458,023.44 due in April 2028 and (ii) all of the U.S. Term B-6 Loans previously outstanding under the Credit Agreement with new U.S. Term B-8 Loans in an amount equal to $1,094,500,000.00 due in June 2030. The new U.S. Term B-7 Loans and the new U.S. Term B-8 Loans were funded in full on the Closing Date and were applied by the Company to refinance the entire principal amount of U.S. Term B-5 Loans and the U.S. Term B-6 Loans previously outstandi

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Amendment No. 14 (the "Amendment"), dated as of March 27, 2024, among Aramark Services, Inc. (the "Company"), Aramark Intermediate HoldCo Corporation ("Holdings"), certain wholly-owned subsidiaries of the Company, the financial institutions party thereto and JPMorgan Chase Bank, N.A. as administrative agent for the Lenders (as defined below) and collateral agent for the secured parties thereunder to the Credit Agreement, dated March 28, 2017, among the Company, Holdings, certain other borrowers party thereto, the financial institutions from time to time party thereto (including the financial institutions party to the Amendment, the "Lenders"), the issuing banks named therein and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders and collateral agent for the secured parties thereunder. 104 Cover Page Interactive Date File (embedded within the Inline XRBL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Aramark Date: March 27, 2024 By: /s/ LAUREN A. HARRINGTON Name: LAUREN A. HARRINGTON Title: Senior Vice President and General Counsel

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