ServiceMaster Global Holdings, Inc. (NYSE:SERV) Files An 8-K Announces Pricing of Senior Unsecured Notes Offering


ServiceMaster Global Holdings, Inc. (NYSE:SERV) today announced that its wholly-owned subsidiary, The ServiceMaster Company, LLC (“SvM”), has priced $750 million aggregate principal amount of 5.125% Senior Notes due 2024 (the “Notes”).  SvM intends to use the net proceeds from the offering, together with the anticipated net proceeds of a $1,650 million amended term loan facility maturing 2023, expected to be allocated Friday, November 4, 2016, to fund the refinancing of its existing term loan facility and pay related fees and expenses, with the remainder for general corporate purposes.  The offering is expected to close on November 8, 2016, subject to customary closing conditions.

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.

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.