Aramark Services plans to redeem 5 1/8% notes on Jan. 15 at 102.563

By Angela McDaniels

Tacoma, Wash., Dec. 13 – Aramark Services, Inc. issued a notice of conditional redemption for its 5 1/8% senior notes due 2024, according to an 8-K filing with the Securities and Exchange Commission.

The company plans to redeem the entire $900 million of notes on Jan. 15.

The redemption is conditioned on the consummation of refinancing transactions yielding enough proceeds to pay the redemption price.

The redemption price will be 102.563 plus accrued interest.

The issuer is a subsidiary of Aramark, a Philadelphia-based professional services company that provides food, hospitality and facility management services as well as uniform and work apparel.

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