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ServiceMaster Offers Private Offering in American Home Shield Spin-off

08 August 2018 / by ServiceMaster Global Holdings Inc (author) / Memphis
 (photo: ServiceMaster Global)
/ (photo: ServiceMaster Global)

ServiceMaster has announced a private offering of $350 million aggregate principal amount of unsubordinated unsecured notes (the “Notes”) of its wholly-owned subsidiary, frontdoor, inc. (“Frontdoor,” currently an indirect, wholly owned subsidiary of the Company, and the parent company of American Home Shield). The Company also announced that syndication for a $650 million term loan facility of Frontdoor launched last week.

 

The Notes will be offered in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A and to certain persons outside the United States pursuant to Regulation S, each under the Securities Act.

 

The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

 

Visit https://investors.servicemaster.com for additional information.

 

 

This press release is for informational purposes only and is not an offer to sell or purchase nor the solicitation of an offer to sell or purchase securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful.

 

 

 

 

 

 

 

ServiceMaster Global Holdings Inc

Author

ServiceMaster Global Holdings Inc

ServiceMaster Global Holdings, Inc. is a leading provider of essential residential and commercial services, operating through an extensive service network of more than 8,000 company-owned locations and franchise and license agreements. The company’s portfolio of well-recognized brands includes AmeriSpec (home inspections), Furniture Medic (cabinet and furniture repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster Restore (disaster restoration), Terminix (residential termite and pest control), and Terminix Commercial (commercial termite and pest control). The company is headquartered in Memphis, Tenn. Visit www.servicemaster.com for more information.

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