SERVICEMASTER GLOBAL HOLDINGS,INC. (NYSE:SERV) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02. Termination of a Material Definitive Agreement.

The information set forth in Item 8.01 regarding the termination of the Short Term Credit Facility (as defined below) is incorporated into this Item 1.02 by reference.

Item 8.01. Other Events.

As previously disclosed, on October1, 2018, ServiceMaster Global Holdings,Inc. (“ServiceMaster”) completed the distribution of approximately 80.2% of the outstanding common stock of frontdoor, inc. (“Frontdoor”) to ServiceMaster’s stockholders (the “Distribution”). After giving effect to the Distribution, ServiceMaster retained 16,734,092 shares of Frontdoor common stock (collectively, the “Retained Shares”), held via its indirect wholly owned subsidiary, The ServiceMaster Company, LLC (the “Company”).

Also as previously disclosed, on March12, 2019, the Company entered into a credit agreement (the “Short Term Credit Agreement”) with Chase Lincoln First Commercial Corporation (“Chase Lincoln”), as lender, JPMorgan Chase Bank, N.A. (“JPMorgan Chase”), as administrative agent, and certain other financial institutions party thereto, providing for a $600 million term loan facility (the “Short Term Credit Facility”). The Company borrowed $600 million under the Short Term Credit Facility on March12, 2019.

to an exchange agreement, dated as of March20, 2019, by and between the Company and Chase Lincoln, on March27, 2019 the Company transferred all of the Retained Shares to Chase Lincoln to repay and retire a portion of the indebtedness outstanding under the Short Term Credit Facility (such exchange, the “Debt-for-Equity Exchange”). In addition, the Company terminated the Short Term Credit Agreement following a cash prepayment of the remaining balance under the Short Term Credit Facility.

Immediately after giving effect to the Debt-for-Equity Exchange, ServiceMaster no longer owned any shares of Frontdoor common stock.

The Company will use the net proceeds of the Short Term Credit Facility to primarily repay principal, interest, or premium on the term loans under the Company’s amended and restated credit agreement, dated as of November8, 2016, among the Company, JPMorgan Chase, as administrative agent, collateral agent and issuing bank, the lenders and other financial institutions party thereto and to repay, repurchase or retire certain other existing indebtedness of the Company.