Aramark eyes early January roadshow for $2.27 billion note offering

By Paul A. Harris and Sara Rosenberg

St. Louis, Dec. 20 - Aramark Corp. is expected to start a roadshow in early January for a $2.27 billion note offering that will involve senior and senior subordinated notes, according to a market source.

JP Morgan and Goldman Sachs & Co. will be joint bookrunners, with JP Morgan on the left.

Proceeds will be used to fund the $8.3 billion leveraged buyout of the company by chairman and chief executive officer Joseph Neubauer together with funds managed by sponsors Thomas H. Lee Partners LP, Warburg Pincus LLC, JPMorgan Partners, GS Capital Partners and CCMP Capital Advisors.

The financing initially contained $2.47 billion of bonds but was downsized to $2.27 billion, with the difference offset by a $200 million equity contribution.

The financing also includes a $4.605 billion credit facility.

Aramark is a Philadelphia-based professional food, hospitality and facility management services company.

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