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...
Global Holdings, Inc. (NYSE:SERV), a leading provider of essential
residential and commercial services, today announced a plan to release
its preliminary unaudited second-quarter 2015 financial results after 6
a.m. central time (7 a.m. eastern time) on Tuesday, August 4, 2015. The
company will hold a conference call to discuss its financial and
operating results at 8 a.m. central time (9 a.m. eastern time) on
Tuesday, August 4, 2015.
The company invites all interested parties to join Chief Executive
Officer Rob Gillette and Chief Financial Officer Alan Haughie as they
provide an update on and discuss the company's operational performance
and financial results for the second quarter ended June 30, 2015.
Participants may join this conference call by dialing 800.706.9302 (or
international participants, 303.223.2688). Additionally, the conference
call will be available via webcast.
A slide presentation highlighting the company’s results will also be...
MEMPHIS, Tenn. – May 27, 2015 – ServiceMaster Global Holdings, Inc. (NYSE: SERV) (the "Company") announced today the pricing of a secondary offering of 20,000,000 shares of its common stock by certain stockholders of the Company, including investment funds sponsored by, or affiliated with, Clayton, Dubilier & Rice, LLC, at a public offering price of $34.00. In connection with the offering, the selling stockholders have granted the underwriters an option to purchase up to 3,000,000 additional shares of common stock. The Company will not receive any proceeds from the secondary offering. The secondary offering will be made only by means of a prospectus.The offering is being made through an underwriting group led by J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, who are acting as joint book-running managers and as representatives of the underwriters for the offering. Additional book-running managers are BofA Merrill Lynch, Jefferies LLC, Natixis Securities Americas LLC and RBC Capital Markets, LLC. Robert W...