Aramark Services entered into a $3.6 billion credit agreement with JPMorgan Chase Bank as administrative agent and collateral agent.

According to a related 8-K filing, the new senior secured facility provides a $650 million term A loan due in 2022, a Canadian dollar-denominated term A loan in an amount equal C$133.4 million ($99.8 million) due in 2022, a $1.75 billion term B loan due in 2024 and a Yen-denominated term C loan in an amount equal to ¥11,107 million ($1.6 billion) due in 2022, as well as a revolving credit facility of up to $1 billion with borrowings available in U.S. dollars, Canadian dollars, Euros and Pounds Sterling, which includes capacity for $250 million of letters of credit.

The revolving credit facility matures in 2022. The term loan facilities were funded in full and $71 million under the revolving credit facility was drawn on the closing date.

Aramark used the borrowings under the senior secured facilities, a portion of the net proceeds from the offering of dollar notes and a portion of the net proceeds from the offering of euro notes to repay all existing term loan facilities under the its existing senior secured credit facilities and to pay related fees and expenses.

Borrowings bear interest at a rate equal to an applicable margin plus with respect to borrowings denominated in U.S. Dollars, Euro, Pounds Sterling and Yen, a LIBOR rate determined by reference to the costs of funds for deposits in the currency of such borrowing for the interest period relevant to such borrowing, subject to a floor of 0%, adjusted for certain additional costs; with respect to borrowings denominated in U.S. dollars, a base rate determined by reference to the highest of the prime rate of the administrative agent, the federal funds rate plus 0.50% and the one-month LIBOR + 1.00% or with respect to borrowings denominated in Canadian dollars, a base rate determined by reference, subject to a floor of 0%, to the higher of the prime rate announced by the administrative agent or the one-month bankers’ acceptance rate plus 1.00% or a bankers’ acceptance rate determined by reference to the rate offered for bankers’ acceptances in Canadian dollars for the interest period relevant to such borrowing, subject to a floor of 0%.