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Stock impact report

ServiceMaster Completes Financing Transactions Prior to Frontdoor Spin-off

Serve Robotics Inc. (SERV) 
Last serve robotics inc. earnings: 2/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.servicemaster.com
Company Research Source: Business Wire
MEMPHIS, Tenn.--(BUSINESS WIRE)-- ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of essential residential and commercial services, today announced that its wholly owned subsidiary frontdoor, inc. (“Frontdoor”), the new corporate name for the parent company of ServiceMaster’s American Home Shield business, has completed its previously announced $1 billion of financing transactions, including Frontdoor’s issuance of $350 million of 6.750% Senior Notes due 2026, and entry into a credit agreement providing for a $650 million senior secured term loan facility and a $250 million senior secured revolving credit facility. In connection with the financing transactions, The ServiceMaster Company, LLC prepaid all amounts outstanding under its previously announced $1 billion short-term credit agreement and prepaid $982 million of term loans outstanding under its amended and restated credit agreement dated a Show less Read more
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