Item 1.01. Entry into a Material Definitive Agreement. Incremental Amendment No. 8 to the Credit Agreement OnJanuary 15, 2020 (the "Closing Date"),Aramark Services, Inc. (the "Company"), an indirect wholly owned subsidiary ofAramark ("Aramark" or "Parent"),Aramark Intermediate HoldCo Corporation ("Holdings") and certain wholly-owned domestic subsidiaries of the Company entered into Incremental Amendment No. 8 (the "Incremental Amendment") with theU.S. Term B-4 Lenders (as defined therein) andJPMorgan Chase Bank, N.A . as administrative agent for the Lenders (as defined below) and collateral agent for the secured parties thereunder amending that certain credit agreement (as amended prior to the date hereof, the "Credit Agreement"), datedMarch 28, 2017 , among the Company, Holdings,ARAMARK Canada Ltd. ,ARAMARK Investments Limited ,ARAMARK Limited ,ARAMARK Ireland Holdings Limited , ARAMARK Regional Treasury Europe,Designated Activity Company , ARAMARK Holdings Deutschland GMBH (as successor by merger toARAMARK Holdings GmbH & Co. KG ), Aramark International Finance S.à r.l., and certain wholly-owned domestic subsidiaries of the Company, the financial institutions from time to time party thereto (including the financial institutions party to the Incremental Amendment, the "Lenders"), the issuing banks named therein andJPMorgan Chase Bank, N.A ., as administrative agent for the Lenders and collateral agent for the secured parties thereunder. The Incremental Amendment provides for newU.S. Dollar denominated term loans in an aggregate principal amount of approximately$900,000,000 , due inJanuary 2027 (the "U.S. Term B-4 Loans") incurred by the Company pursuant to Section 2.19 of the Credit Agreement, the proceeds of which, together with cash on hand at the Company, were used to redeem all of the Company's outstanding 5.125% Senior Notes due 2024 (the "2024 Notes") and to pay fees and expenses in connection with the transactions contemplated by the Incremental Amendment. TheU.S. Term B-4 Loans were funded in full on the Closing Date. TheU.S. Term B-4 Loans bear interest rate equal to either (a) a LIBOR rate determined by reference to the costs of funds for deposits inU.S. dollars for the interest period relevant to such borrowing adjusted for certain additional costs or (b) a base rate determined by reference to the highest of (1) the prime rate of the administrative agent, (2) the federal funds rate plus 0.50% and (3) the LIBOR rate plus 1.00% plus an applicable margin set initially at 1.75% for borrowings based on the LIBOR rate and 0.75% for borrowings based on the base rate. TheU.S. Term B-4 Loans require the payment of installments in quarterly principal amount of$2.25 million fromJune 30, 2020 throughDecember 31, 2026 , and$839.25 million at maturity. TheU.S. Term B-4 Loans are subject to substantially similar terms currently relating to guarantees, collateral, mandatory prepayments and covenants that are applicable to the Company's existingU.S. Term B Loans outstanding under the Credit Agreement. The foregoing description of the Incremental Amendment is qualified in its entirety by reference to the full text of the Incremental Amendment, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference. Item 1.02. Termination of a Material Definitive Agreement. Redemption of 2024 Notes The Company previously issued a notice of conditional redemption pursuant to the indenture, dated as ofDecember 17, 2015 , as supplemented, among the Issuer, the guarantors party thereto andThe Bank of New York Mellon , as trustee, relating to the 2024 Notes to redeem (the "Redemption") the entire$900,000,000 aggregate principal amount of the 2024 Notes currently outstanding at a redemption price of 102.563% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to the date of redemption. OnJanuary 15, 2020 , following the entry into the Incremental Amendment, the Company deposited with the trustee of the 2024 Notes the redemption payment to fund the Redemption and redeemed all of the outstanding 2024 Notes. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.
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Item 9.01. Financial Statements and Exhibits
(d) Exhibits Exhibit No. Description 10.1 Incremental Amendment No. 8 (the "Incremental Amendment"), dated as ofJanuary 15, 2020 , amongAramark Services, Inc. (the "Company"),Aramark Intermediate HoldCo Corporation ("Holdings"), certain wholly-owned subsidiaries of the Company, theU.S. Term B-4 Lenders (as defined therein) andJPMorgan Chase Bank, N.A . as administrative agent for the Lenders (as defined below) and collateral agent for the secured parties thereunder amending that certain credit agreement (as amended prior to the date hereof, the "Credit Agreement"), datedMarch 28, 2017 , among the Company, Holdings,ARAMARK Canada Ltd. ,ARAMARK Investments Limited ,ARAMARK Limited ,ARAMARK Ireland Holdings Limited , ARAMARK Regional TreasuryEurope ,Designated Activity Company , ARAMARK Holdings Deutschland GMBH (as successor by merger toARAMARK Holdings GmbH & Co. KG ), Aramark International Finance S.à r.l. and certain other wholly-owned domestic subsidiaries of the Company, the financial institutions from time to time party thereto (including the financial institutions party to the Incremental Amendment, the "Lenders"), the issuing banks named therein andJPMorgan Chase Bank, N.A ., as administrative agent for the Lenders and collateral agent for the secured parties thereunder. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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