11:14 AM EDT, 03/27/2024 (MT Newswires) -- Aramark ( ARMK ) said Wednesday it had completed the repricing of its two term loans totaling $1.83 billion to the Secured Overnight Financing Rate plus 200 basis points.

The company said it expects the new pricing for both 2028 Term Loan B of $730 million and 2030 Term Loan B of $1.1 billion to result in interest expense savings of roughly $10 million per year.

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