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Aramark announces tender offers for senior notes
22
Feb '13
ARAMARK Holdings Corporation announced that it has commenced a tender offer to purchase for cash any and all of its 8.625%/9.375% Senior Notes due 2016 (the "Holdings Notes") (the "Holdings Offer"). Concurrently, ARAMARK Corporation (the "Company") announced that it has commenced tender offers to purchase for cash (i) any and all of its 8.50% Senior Notes due 2015 (the "Fixed Rate Notes") (the "Fixed Rate Notes Offer") and (ii) any and all of its Senior Floating Rate Notes due 2015 (the "Floating Rate Notes", collectively with the Holdings Notes and the Fixed Rate Notes, the "Notes") (the "Floating Rate Notes Offer"). 

The Holdings Offer, the Fixed Rate Notes Offer and the Floating Rate Notes Offer are collectively referred to as the "Offers" and with respect to each series of Notes, each individually as an "Offer."  As of the date hereof, there is $600.0 million aggregate principal amount of Holdings Notes outstanding, $1,280.0 million aggregate principal amount of Fixed Rate Notes outstanding and $500.0 million aggregate principal amount of Floating Rate Notes outstanding.

The early tender date with respect to each Offer is 5:00 p.m., New York City time, on March 6, 2013 (as may be extended or earlier terminated with respect to each series of Notes, the "Early Tender Date"), and each Offer will expire at 11:59 p.m., New York City time, on March 20, 2013 (as may be extended or earlier terminated with respect to each series of Notes, the "Expiration Date"). 

Tendered Notes may be withdrawn at any time at or before 5:00 p.m., New York City time, on March 6, 2013 (as may be extended or earlier terminated with respect to each series of Notes, the "Withdrawal Deadline"), but not thereafter.

As described in more detail in the Offer to Purchase of Holdings and the Company dated February 21, 2013 (the "Offer to Purchase") and related Letter of Transmittal, the total consideration for each $1,000 principal amount of Holdings Notes validly tendered (and not validly withdrawn) at or before the Early Tender Date and accepted for purchase by the Company will be $1,020.00.

The total consideration for each $1,000 principal amount of Fixed Rate Notes validly tendered (and not validly withdrawn) at or before the Early Tender Date and accepted for purchase by the Company will be $1,005.00 and the total consideration for each $1,000 principal amount of Floating Rate Notes validly tendered (and not validly withdrawn) at or before the Early Tender Date and accepted for purchase by the Company will be equal to $1,001.50.  Such total consideration with respect to each series of Notes is referred to as the "Full Tender Offer Consideration." 


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