Diversified Consumer Services
Company Overview of The ServiceMaster Company, LLC
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
Founded in 1929
Key Executives for The ServiceMaster Company, LLC
Chief Financial Officer and Senior Vice President
President of American Home Shield Corporation, Group President of American Home Shield & Franchise Services Group and Chief Operating Officer of American Home Shield
President of Servicemaster Clean, Merry Maids, Furniture Medic & Amerispec
Compensation as of Fiscal Year 2015.
The ServiceMaster Company, LLC Key Developments
The ServiceMaster Company, LLC Announces Redemption of $488 Million of 7% Notes and Incremental Borrowings Under Term Loan Facility
Aug 17 15
ServiceMaster Global Holdings Inc. announced that The ServiceMaster Company, LLC effected the redemption of $488 million in aggregate principal amount of the outstanding 7% Senior Notes due 2020, which represents all of the outstanding Notes. The redemption price of the Notes was equal to 105.25% of the principal amount of such Notes, plus accrued but unpaid interest thereon. In order to effect the redemption, SvM secured incremental commitments of $400 million under SvM's term loan facility maturing 2021. After giving effect to the incremental commitments, outstanding borrowings under SvM's term loan facility amount to $2.386 billion as of August 17, 2015. SvM used funds from the incremental commitments, together with cash on hand, to redeem the $488 million of Notes.
The ServiceMaster Company Updates on Redemption of $200 Million of 8% Senior Notes Due 2020 and Incremental Borrowings Under Term Loan Facility
Apr 6 15
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
Apr 1 15
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.
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