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 (photo: ServiceMaster Global)
08.08.2018, 13:13

ServiceMaster Offers Private Offering in American Home Shield Spin-off

Company News, Americas
ServiceMaster has announced a private offering of $350 million aggregate principal amount of unsubordinated unsecured notes (the “Notes”) of its wholly-owned subsidiary, frontdoor, inc. (“Frontdoor,” currently an indirect, wholly owned subsidiary of the Company, and the parent company of American Home Shield). The Company also announced that syndication for a $650 million term loan facility of Frontdoor launched last week.

 

The Notes will be offered in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A and to certain persons outside the United States pursuant to Regulation S, each under the Securities Act.

 

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.

 

Visit https://investors.servicemaster.com for additional information.

 

 

This press release is for informational purposes only and is not an offer to sell or purchase nor the solicitation of an offer to sell or purchase securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful.

 

 

 

 

 

 

 

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