Aramark's term loan was active last week, with one desk trading about $20 million a day. That desk traded around $35-40 million on its break, Jan. 19. It broke around 100 1/8-100 3/8 and then traded up to as high as 101 1/2, but traded back down last week to around 100 1/4.
Goldman Sachs and JPMorgan lead the deal, which also includes a $600 million revolver. Price talk and the size of the tranches were changed right before the credit broke (CIN, 1/22). Joseph Neubauer, ceo, and GS Capital Partners, CCMP Capital Advisors, JPMorgan Partners, Thomas H. Lee Partners and Warburg Pincus are taking the company private (8/11). An Aramark spokeswoman declined comment.