Aramark (NYSE:ARMK) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On February 21, 2017, Aramark Services, Inc. (the “Issuer”), an indirect wholly owned subsidiary of Aramark, issued a notice of conditional redemption to the indenture, dated as of March 7, 2013, as supplemented, among the Issuer, the guarantors party thereto and The Bank of New York Mellon, as trustee, relating to the Issuer’s 5.75% Senior Notes due 2020 (the “2020 Notes”), notifying holders that the Issuer has elected to redeem (the “Redemption”), on March 23, 2017, the entire $228,800,000 aggregate principal amount of the 2020 Notes currently outstanding.
The Redemption is conditioned upon consummation of refinancing transactions by the Issuer, which would result in the incurrence of indebtedness yielding net proceeds that are sufficient to pay the redemption price. This condition may be waived by the Issuer in its sole discretion. In addition, the Redemption Date may, in the Issuer’s discretion, be delayed until such time as the foregoing condition is satisfied or waived.
The redemption price with respect to the 2020 Notes to be redeemed to the Redemption will be equal to 101.438% of the aggregate principal amount of such 2020 Notes, plus accrued and unpaid interest, if any, to the date of redemption.
The information furnished to Item 7.01 of this Current Report on Form 8-K shall not be considered “filed” under the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into future filings by Aramark under the Securities Act of 1933, as amended, or under Securities Exchange Act of 1934, as amended, unless Aramark expressly sets forth in such future filings that such information is to be considered “filed” or incorporated by reference therein.
CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS
Information set forth in this Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties. A discussion of factors that may affect future results is contained in Aramark’s filings with the Securities and Exchange Commission. Aramark disclaims any obligation to update forward-looking statements, except as may be required by law.
About Aramark (NYSE:ARMK)
Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform). FSS North America and FSS International segments include food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping, provided to business, educational and healthcare institutions and in sports, leisure and other facilities. The Uniform segment includes rental, sale, cleaning, maintenance and delivery of personalized uniforms and other textile items to clients in a range of industries in the United States, Puerto Rico, Japan and Canada, including manufacturing, transportation, construction, restaurants and hotels, healthcare and pharmaceutical industries. Aramark (NYSE:ARMK) Recent Trading Information
Aramark (NYSE:ARMK) closed its last trading session up +0.22 at 35.97 with 1,236,927 shares trading hands.