Aramark Announces Upsized Revolving Credit Facility and Closing of Debt Refinancing

Upsized Revolver increases cash availability by over $200 million

Proactive actions extend maturities and strengthen financial flexibility

Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, announced today that the Company finalized a 3-year extension on substantially all of its Revolving Credit Facility and Term Loan A to 2026. This action included an upsizing of Aramark’s Revolving Credit Facility to approximately $1.2 billion that increases the Company’s cash availability by over $200 million. In addition, Aramark closed its previously announced $833 million refinancing of the Company’s 2024 Term Loan B that extends the maturity to 2028.

The transactions are net leverage neutral, while maintaining comparable fixed-to-floating debt levels.

“With a favorable outcome of the debt refinancing and upsized revolving credit facility, we have enhanced our financial flexibility and believe we are well-positioned to capitalize on the extensive growth opportunities ahead,” stated Tom Ondrof, Aramark’s Chief Financial Officer.

About Aramark

Aramark (NYSE: ARMK) proudly serves the world’s leading educational institutions, Fortune 500 companies, world champion sports teams, prominent healthcare providers, iconic destinations and cultural attractions, and numerous municipalities in 19 countries around the world. We deliver innovative experiences and services in food, facilities management and uniforms to millions of people every day. We strive to create a better world by making a positive impact on people and the planet, including commitments to engage our employees; empower healthy consumers; build local communities; source ethically, inclusively and responsibly; operate efficiently and reduce waste. Aramark is recognized as a Best Place to Work by the Human Rights Campaign (LGBTQ+), DiversityInc, Equal Employment Publications and the Disability Equality Index. Learn more at www.aramark.com or connect with us on Facebook and Twitter.

Contacts

Inquiries
Felise Glantz Kissell (215) 409-7287
Kissell-Felise@aramark.com

Scott Sullivan (215) 238-3953
Sullivan-Scott1@aramark.com