SERVICEMASTER GLOBAL HOLDINGS,INC. (NYSE:SERV) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On August 15, 2018, ServiceMaster Global Holdings, Inc. issued a press release announcing that its wholly-owned subsidiary, frontdoor, inc., (“Frontdoor”), has priced $350 million aggregate principal amount of 6.75% Senior Notes due 2026 (the “Notes”) in transactions that are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).Frontdoor has also priced a $650 million term loan facility due 2025 at 99.75% of the principal amount and bearing interest at a fluctuating rate of LIBOR plus 2.50% per annum with a 0% LIBOR floor. Frontdoor is the new corporate name for the parent company of the American Home Shield business. A copy of the press release is furnished as Exhibit 99.1 to this report.The offering is expected to close on August 17, 2018, subject to customary closing conditions.This report does not constitute an offer to sell or a solicitation of an offer to purchase the Notes or any other security.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.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits
SERVICEMASTER GLOBAL HOLDINGS INC ExhibitEX-99.1 2 serv-20180815xex99_1.htm EX-99.1 Exhibit 991 August 2018 (Pricing) Exhibit 99.1 For further information contact: Investor Relations: Matt Harrell 901.201.8293 Matt.Harrell@servicemaster.com Media: James Robinson 901.597.7521 James.Robinson@servicemaster.com ServiceMaster Announces Pricing of Financing Transactions in Conjunction with the Spin-off of Frontdoor Business MEMPHIS,…To view the full exhibit click here
About SERVICEMASTER GLOBAL HOLDINGS,INC. (NYSE:SERV)
ServiceMaster Global Holdings, Inc. is a holding company. The Company is a provider of essential residential and commercial services. Its services include termite and pest control, home warranties, disaster restoration, janitorial, residential cleaning, furniture repair and home inspection. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. The Terminix segment provides termite and pest control services to residential and commercial customers and distributes pest control products. Terminix specializes in protection against termite damage, rodents, insects and other pests. The American Home Shield segment provides home warranties for household systems and appliances. The Company’s Franchise Services Group segment consists of the ServiceMaster Restore (disaster restoration), ServiceMaster Clean (janitorial), Merry Maids (residential cleaning), Furniture Medic (furniture repair) and AmeriSpec (home inspection) businesses.