MEMPHIS, TN -- 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 previously announced redemption of $200 million in aggregate principal amount of SvM's outstanding 8% Senior Notes due 2020 (the "Notes"), which represents all of the outstanding Notes. In order to effect the redemption, SvM secured $175 million in incremental loans under its term loan facility maturing 2021. After giving effect to the incremental borrowings, outstanding loans under SvM's term loan facility amount to $1.991 billion as of April 1, 2015. SvM used the proceeds from the incremental loans, together with cash on hand, to redeem the $200 million of Notes at a redemption price of 106% of the principal amount of such Notes and to pay accrued but unpaid interest thereon.Alan Haughie, ServiceMaster's chief financial officer, noted, "Our ability to secure the incremental commitments from the term lenders to fund the redemption of the $200 million of...
MEMPHIS, TENN, ― March 20, 2015 — ServiceMaster Global Holdings, Inc. (NYSE: SERV) (the “Company”) announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed 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. In connection with the offering, the selling stockholders will grant 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 proposed secondary offering. The proposed 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.When available, copies of the preliminary prospectus may be...
Global Holdings, Inc. (NYSE: SERV), a leading provider of
essential residential and commercial services, today announced
preliminary unaudited fourth-quarter and full-year 2014 results. The
company reported fourth-quarter 2014 revenue of $577 million, an
increase of 8 percent compared to the same period in 2013. The company
reported full-year 2014 revenue of $2.5 billion, an increase of 7
percent compared to the previous year. Both the full-year and
fourth-quarter increases in revenue were driven by the acquisition of
Home Security of America, Inc. (“HSA”), an increase in sales of new
services at Terminix, and accelerated organic growth at American Home
The company reported fourth-quarter 2014 net income of $20 million or
$0.15 per share versus a net loss of $18 million or $0.20 per share in
the same period in 2013.
Including a $100 million loss from discontinued operations associated
with goodwill and trade name impairment...
ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of
essential residential and commercial services, today announced a plan to
release its preliminary unaudited fourth-quarter and full year 2014
financial results after 6 a.m. central time on Thursday, February 26,
2015. The company will hold a conference call to discuss its financial
and operating results at 8 a.m. central time on Thursday, February 26,
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 the company's operating results and full-year 2015
financial outlook. 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 available.
To participate via webcast and view the presentation, visit the...