Aramark Reduces Term Loan B Interest Rate by 25 Basis Points

Aramark Completes Debt Repricing

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08/18/2025 - 07:30 AM

Company proactively reduced pricing on Term Loan B by 25 basis points

PHILADELPHIA--(BUSINESS WIRE)-- Aramark (NYSE:ARMK), a global leader in food and facilities management, announced the successful completion of a favorable repricing for the Company鈥檚 2028 Term Loan B, totaling $730 million. The new applicable interest rate will be the Secured Overnight Financing Rate (SOFR) plus 175 basis points, representing a 25 basis point reduction in pricing. This proactive action is expected to generate annual interest expense savings, further enhancing Aramark鈥檚 capital structure. There is no change to the Company鈥檚 outstanding debt, maturities, or covenants from the repricing.

鈥淭his oversubscribed repricing reflects the strength of our financial profile and the market鈥檚 confidence in the Company鈥檚 significant business opportunities ahead,鈥� said James Tarangelo, Aramark鈥檚 Chief Financial Officer. 鈥淏y reducing our interest expense, we are creating additional financial flexibility to deliver value for our shareholders.鈥�

About Aramark
Aramark (NYSE: ARMK) proudly serves the world鈥檚 leading educational institutions, Fortune 500 companies, world champion sports teams, prominent healthcare providers, iconic destinations and cultural attractions, and numerous municipalities in 16 countries around the world with food and facilities management. Because of our hospitality culture, our employees strive to do great things for each other, our partners, our communities, and the planet. Learn more at and connect with us on , , , and .