Simpson Thacher Represents ARAMARK in Credit Agreement Amendment
Simpson Thacher announced that it recently represented ARAMARK Corp. in connection with the amendment to its existing credit agreement providing for, among other things, $3,982 million of new term loans, the extension of $565 million of existing revolving lender commitments and $165 million of new revolving lender commitments.
Net proceeds from the new term loans were used to repay certain of its existing term loans due 2016 and 2019.
ARAMARK provides food services, facilities management, and uniform and career apparel to healthcare institutions, universities and school districts, stadiums and arenas, and businesses around the world.
The Simpson Thacher team included Jennifer Hobbs, Makiko Harunari, and Luis Pellerano (Credit).