Aramark Holdings may raise $600 million through a sale of senior notes in the 144a private placement market. The food, facilities and clothing provider intends to use the net proceeds to pay a dividend to stockholders.
The notes, which carry a coupon rate of 8.625%, are due to mature on May 1, 2016, adds Reuters. The company has appointed JP Morgan, Goldman Sachs, Barclays, Bank of America Merrill Lynch and Wells Fargo Securities as the joint bookrunning managers for the transaction.
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