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May 04, 2015 8:22 AM ET

Diversified Consumer Services

Company Overview of The ServiceMaster Company, LLC

Company Overview

The ServiceMaster Company, LLC provides residential and commercial services in the United States. It operates in three segments: Terminix, American Home Shield, and the Franchise Services Group. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion. This segment markets its services to both homeowners and businesses through a national sales team and sales professionals in the company’s branches and call centers. The American Home Shield segment provides ...

860 Ridge Lake Boulevard

Memphis, TN 38120

United States

Founded in 1929

13,000 Employees

Phone:

901-597-1400

Key Executives for The ServiceMaster Company, LLC

Chief Executive Officer
Age: 54
Chief Financial Officer and Senior Vice President
Age: 50
President of American Home Shield Corporation, Group President of American Home Shield & Franchise Services Group and Chief Operating Officer of American Home Shield
Age: 52
President of Terminix
Age: 45
President of Servicemaster Clean, Merry Maids, Furniture Medic & Amerispec
Age: 58
Compensation as of Fiscal Year 2014.

The ServiceMaster Company, LLC Key Developments

The ServiceMaster Company Updates on Redemption of $200 Million of 8% Senior Notes Due 2020 and Incremental Borrowings Under Term Loan Facility

ServiceMaster Global Holdings reported that The ServiceMaster Company effected the previously announced redemption of $200 million in aggregate principal amount of The ServiceMaster Company's outstanding 8% Senior Notes due 2020, which represents all of the outstanding notes. In a release on April 1, the company noted that in order to effect the redemption, The ServiceMaster Company secured $175 million in incremental loans under its term loan facility maturing 2021. After giving effect to the incremental borrowings, outstanding loans under The ServiceMaster Company's term loan facility amount to $1.991 billion as of April 1. The ServiceMaster Company used the proceeds from the incremental loans, together with cash on hand, to redeem the $200 million of Notes at a redemption price of 106% of the principal amount of such Notes and to pay accrued but unpaid interest thereon.

The ServiceMaster Company, LLC Enters into First Amendment to Credit Agreement

On April 1, 2015, The ServiceMaster Company, LLC (the SvM) entered into a first amendment among SvM, the incremental term lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent for the lenders and the other parties party thereto, which amends the credit agreement, dated as of July 1, 2014, among SvM, the several banks and other financial institutions from time to time party thereto, the Agent and the other parties thereto, governing SvM's term loan facility and revolving credit facility. The first term loan amendment provides for incremental term loans under the term loan facility in an aggregate principal amount of $175 million. The incremental term loans were issued with 25 basis points of OID and have substantially the same terms as the $1,816 million in aggregate principal amount of term loans that were outstanding under the term loan facility immediately prior to the effectiveness of the first term loan amendment. On April 1, 2015, SvM used the net proceeds from the incremental term loans, together with cash on hand, to effect the previously announced redemption of the remaining outstanding $200 million in aggregate principal amount of SvM's 8% senior notes due 2020 at a redemption price of 106% of the principal amount of such notes and to pay accrued but unpaid interest thereon.

The ServiceMaster Company, LLC Gives Notice to Redeem $190 Million in Aggregate Principal Amount of its 8% Senior Notes Due 2020

On January 16, 2015, The ServiceMaster Company, LLC gave notice to redeem $190 million in aggregate principal amount of its 8% Senior Notes due 2020 (the 8% 2020 Notes) at a redemption price of 106.0% of the principal amount thereof on February 17, 2015. SvM intends to fund the partial redemption using available cash.

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