Simpson Thacher recently represented ARAMARK Corporation (“ARAMARK”) in connection with its 144A/Regulation S high yield offering of $1,000 million 5.75% Senior Notes due 2020 and the amendment to its existing credit agreement providing for, among other things, $1,400 million of new term loans and the extension of a portion of the commitments under its revolving credit facilities. Simpson Thacher also represented ARAMARK and ARAMARK Holdings Corporation, the indirect parent of ARAMARK, in connection with cash tender offers for their outstanding senior notes.
ARAMARK used the net proceeds from the notes offering, along with the new term loan borrowings and cash on hand, to refinance the existing ARAMARK and ARAMARK Holdings Corporation senior notes.
ARAMARK is a leader in professional services, providing award-winning food services, facilities management, and uniform and career apparel to health care institutions, universities and school districts, stadiums and arenas, and businesses around the world.
The Simpson Thacher team included Jennifer Hobbs, Makiko Harunari, James Doyle and Caroline Gross (Credit); Joe Kaufman, Brian E. Rosenzweig, Jeremy Barr and Nirav Mehta (Capital Markets); Jonathan Cantor and Drew Purcell (Tax); and Andrea Wahlquist and Jeanne Annarumma (Executive Compensation and Employee Benefits).
