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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
ARMK
Aramark Services Inc€400
1USOA
Mar 5, 2025
currency
EUR
size (m)
400.000
maturity
Apr 15, 2032
type
Fixed
tenor
8.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
B1
s&p
BB-
fitch
-
re-open/tap
No
ipt
high 4s
ipt-pxd
-
guidance
4.50%-4.625%; Final 4.375%-4.50% (WPIR)
spread
172
coupon
4.375%
spread set
-
price
100.00000
yield
4.375%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
coordinating managers
-
Tranche Comments
Redemption: 2028-04-15; Registration: 144A/Reg S; Comments: B&D: GSC;
Deal Comments
Aramark Intl Finance Sarl (ARMK) EUR400m 144A/Reg S sr notes due 04/15/33 (8y). NC3 (04/15/28) (MWC B+50bp), then at 102.1875, 101.09375, 100. Equity claw: 3y 40% at 104.375. B1/BB- (stable/stable). Via GS (B&D)/JPM jt physical books/Barc/BofA/CapOne/PNC/WFS/Barc jt books, CIBC, Citizens, HSBC, Rabo, Scotia, SMBC, TD, TSI, USB as co-managers. No reg rights. List ISE. NY law. CoC at 101. Settle 03/19 (T+10). Reg S ISIN: XS3023482436. IPT: high 4s. Price talk: 4.50%-4.75%. Final price talk: 4.375%-4.50% (WPIR). Priced: 4.375% at 100. +172bp vs DBR 2.30% 02/15/33. Did investor call at 3pm UKT / 10am NYT 03/03. Books closed at 2:30pm UKT / 9:30am NYT (from 1pm UKT / 8am NYT) 03/05. UOP: repay at maturity its EUR325m 3.125% sr notes due 04/01/25, and $72m for GCP. Biz: a global provider of food, facilities and uniform services. HQ: Philadelphia, PA. NetRoadshow: https://www.netroadshow.com/events/login?show=af4cd142&confId=78929. (access code: Aramark-2025).

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