August 29, 2016 11:37 PM 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 and Director
Age: 56
Chief Financial Officer and Senior Vice President of Finance
Age: 52
President of American Home Shield
Age: 50
President of Franchise Services Group
Age: 41
Chief Accounting Officer, Vice President and Controller
Age: 47
Compensation as of Fiscal Year 2016.

The ServiceMaster Company, LLC Key Developments

ServiceMaster Seeks Acquisitions

The ServiceMaster Company, LLC is seeking acquisitions. Jason Bailey, Vice President of mergers and acquisitions for ServiceMaster, said, "Acquisitions were important to the company's growth strategy and his team continues to seek residential and commercial services companies with respected brands, a legacy of quality service and strong customer relationships."

The ServiceMaster Company, LLC Announces Redemption of $488 Million of 7% Notes and Incremental Borrowings Under Term Loan Facility

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

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.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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