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  • ServiceMaster 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 for more...
  • ServiceMaster 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...
  • ServiceMaster 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...
  • ServiceMaster 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...
ServiceMaster (SERV)
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