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  • ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of essential residential and commercial services, today announced preliminary unaudited first-quarter 2015 results. The company reported first-quarter 2015 revenue of $571 million, an increase of 7 percent compared to the same period in 2014. The increase in revenue was driven by an acceleration in organic growth at American Home Shield, an increase in sales of new services at Terminix, pricing increases and the acquisition of Home Security of America, Inc. (“HSA”), which the company acquired on February 28, 2014. The company reported first-quarter 2015 net income of $28 million or $0.20 per share versus a net loss of $113 million or $1.23 per share in the same period in 2014. First quarter 2015 net income includes a loss on extinguishment of debt of $13 million. The net loss in the first-quarter 2014 includes a $48 million non-cash charge for the impairment of software and a $95 million loss from...
  • MEMPHIS, TN - April 14, 2015 - ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of essential residential and commercial services, today announced a plan to release its preliminary unaudited first-quarter 2015 financial results after 6 a.m. Central Time on Tuesday, April 28, 2015. The company will hold a conference call to discuss its financial and operating results at 8 a.m. Central Time on Tuesday, April 28, 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 to discuss the company's operational performance and financial results for the first quarter ended March 31st, 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 available. To participate via webcast and view the presentation, visit the company's investor relations home page.The call will be available...
  • 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...
ServiceMaster (SERV)
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