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Aramark Announces Pricing of Senior Notes

PHILADELPHIA, May 16, 2016 /PRNewswire/ -- Aramark ARMK, +0.14% announced today that its indirect wholly owned subsidiary, Aramark Services, Inc. (the "Issuer"), priced a private offering of $500.0 million aggregate principal amount of senior unsecured notes due 2024 (the "2024 Notes") and $500.0 million aggregate principal amount of senior unsecured notes due 2026 (together with the 2024 Notes, the "Notes"). The 2024 Notes are expected to constitute a further issuance of the $400 million aggregate principal amount of 5.125% senior notes due 2024 that were issued in December 2015. The Notes are expected to be issued on or around May 31, 2016.

The Issuer intends to use the proceeds from the offering of the Notes to redeem a portion of the Issuer's outstanding 5.75% senior unsecured notes due 2020, repay certain borrowings under its senior secured credit facilities and pay related fees and expenses.

The Notes will be sold in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), in the United States only to investors who are reasonably believed to be...


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