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 (photo: ServiceMaster Global) In Focus / Company News, Americas

ServiceMaster Offers Private Offering in American Home Shield Spin-off

August 08, 2018 / by ServiceMaster Global Holdings Inc (author)

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.

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