TriMark USA, LLC (“TriMark” or the “Company”), a leading provider of design services, equipment, and supplies to the foodservice industry, announced today that it has entered into an agreement with a group of its existing lenders to support a transaction that will substantially deleverage its balance sheet. In connection with the transaction, the group, led by Ares Management (“Ares”), Oaktree Capital Management (“Oaktree”), and Bayside Capital
(“Bayside”), would lead a $350 million cash equity investment in the Company through funds they manage. These actions are expected to significantly enhance TriMark’s financial position, support further investment in its leading capabilities, and advance its long-term growth strategy. Continue reading