ARAMARK's Term Loan Ratings Unchanged At 'BB' (Recovery: '1') Following Upsize; New Canadian Tranche Rated - S&P Global Ratings’ Credit Research

ARAMARK's Term Loan Ratings Unchanged At 'BB' (Recovery: '1') Following Upsize; New Canadian Tranche Rated

ARAMARK's Term Loan Ratings Unchanged At 'BB' (Recovery: '1') Following Upsize; New Canadian Tranche Rated - S&P Global Ratings’ Credit Research
ARAMARK's Term Loan Ratings Unchanged At 'BB' (Recovery: '1') Following Upsize; New Canadian Tranche Rated
Published Dec 11, 2012
Published Dec 11, 2012
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (Standard&Poor's) Dec. 11, 2012--Standard&Poor's Ratings Services said today that its senior secured debt ratings on Philadelphia-based ARAMARK Corp.?s existing term loan C, which is being upsized to $1.528 billion, including a proposed $670 million add-on term loan, is unchanged at 'BB' (two notches above the corporate credit rating on ARAMARK), with a recovery rating of '1', indicating our expectation of very high (90% to 100%) recovery in the event of a payment default. At the same time, we assigned ARAMARK Canada Ltd.?s proposed extended $50 million revolving credit facility due Jan. 26, 2015, a 'BB' rating and a recovery rating of '1'. We expect the proceeds from the food and support service operator's proposed add-on

  
Report Type:

Ratings Action

Issuer
Aramark
GICS
Restaurants (25301040)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "ARAMARK's Term Loan Ratings Unchanged At 'BB' (Recovery: '1') Following Upsize; New Canadian Tranche Rated" Dec 11, 2012. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/ARAMARK-s-Term-Loan-Ratings-Unchanged-At-BB-Recovery-1-Following-Upsize-New-Canadian-Tranche-Rated-1047631>
  
APA:
S&P Global Ratings’ Credit Research. (). ARAMARK's Term Loan Ratings Unchanged At 'BB' (Recovery: '1') Following Upsize; New Canadian Tranche Rated Dec 11, 2012. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/ARAMARK-s-Term-Loan-Ratings-Unchanged-At-BB-Recovery-1-Following-Upsize-New-Canadian-Tranche-Rated-1047631>
  
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