Global Holdings, Inc. (NYSE:SERV), a leading provider of essential
residential and commercial services, today announced several executive
moves designed to help the company pursue new growth opportunities and
advance the use of digital and mobile technologies to improve service to
the 5 million customers it serves each year.
Mark Barry has been promoted to chief marketing and strategy
officer. Barry joined ServiceMaster in 2012 as president of its
American Home Shield home warranty business and has been serving as
group president leading both AHS and the company’s Franchise Services
Group. In his new role, Barry will oversee company strategy, including
competitive intelligence, insights and analytics, as well as all
marketing, pricing and business development.“Mark has done
an outstanding job helping AHS achieve strong revenue and earnings
growth, while introducing a number of improvements in the company’s
Global Holdings, Inc. (NYSE: SERV), a leading provider of essential
residential and commercial services, today announced that Chief
Executive Officer Rob Gillette and Chief Financial Officer Alan Haughie
will participate at J.P. Morgan’s 6th Annual U.S. All Stars Conference
on September 16, 2015 in London, England.
ServiceMaster Global Holdings, Inc. is a leading provider of essential
residential and commercial services, operating through an extensive
service network of more than 8,000 company-owned locations and franchise
and license agreements. The company’s portfolio of well-recognized
brands includes American Home Shield (home warranties), AmeriSpec (home
inspections), Furniture Medic (furniture repair), Merry Maids
(residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster
Restore (disaster restoration) and Terminix (termite and pest control).
The company is headquartered in Memphis, Tenn. Go to www.servicemaster.com
Global Holdings, Inc. (NYSE: SERV) (“ServiceMaster”) announced today
that The ServiceMaster Company, LLC (the “SvM”), an indirect
wholly-owned subsidiary of ServiceMaster, effected the redemption of
$488 million in aggregate principal amount of the outstanding 7% Senior
Notes due 2020 (the “Notes”), 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.
Alan Haughie, ServiceMaster’s chief financial officer, noted “The...
Global Holdings, Inc. (NYSE: SERV), a leading provider of
essential residential and commercial services, today announced
preliminary unaudited second-quarter 2015 results. The company reported
second-quarter 2015 revenue of $716 million, an increase of 5 percent
compared to the same period in 2014. The increase in revenue was driven
by strong organic growth at American Home Shield (“AHS”), increased
sales of new services at Terminix and price increases, partially offset
by lower demand for traditional termite services.
The company reported second-quarter 2015 net income of $67 million or
$0.49 per share, including a loss on extinguishment of debt of $14
million related to the company’s redemption of its 8% Senior Notes,
versus $40 million or $0.44 per share in the same period in 2014.
The company reported second-quarter 2015 adjusted net income of $82
million, or $0.60 per share, versus $52 million, or $0.56 per share, for
the same period...