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ServiceMaster Announces Pricing of Amended Term Loan Facility


ServiceMaster Global Holdings, Inc. (NYSE: SERV) today announced that its wholly-owned subsidiary, The ServiceMaster Company, LLC (“SvM”), has allocated a $1,650 million amended term loan facility maturing 2023 (the “Amended Term Loan Facility”) priced at 99.75% of the principal amount and bearing interest at a fluctuating rate of LIBOR plus 2.50% per annum with a 0% LIBOR floor. SvM intends to use the net proceeds from the Amended Term Loan Facility, together with the net proceeds of $750 million of 5.125% senior unsecured notes due 2024, to fund the refinancing of its existing term loan facility and pay related fees and expenses. The transaction is expected to close on November 8, 2016, subject to customary closing conditions.

This press release is for informational purposes only and is not an offer to sell or purchase nor the solicitation of an offer to sell or purchase securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful.

About ServiceMaster

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 and cabinet 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.

Forward-Looking Statements

This press release contains forward-looking statements, including with respect to our refinancing plans. Some of the forward-looking statements can be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “seeks,” “aims,” “projects,” “is optimistic,” “intends,” “plans,” “estimates,” “anticipates,” “proposed” or other comparable terms. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control, including, without limitation, the risks and uncertainties discussed in the “Risk Factors” and “Information Regarding Forward-Looking Statements” sections in the company’s reports filed with the U.S. Securities and Exchange Commission. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this press release.

Additional factors that could cause actual results and outcomes to differ from those reflected in forward-looking statements include, without limitation, lawsuits, enforcement actions and other claims by third parties or governmental authorities; compliance with, or violation of environmental health and safety laws and regulations; 401(k) Plan corrective contribution; the effects of our substantial indebtedness; changes in interest rates, because a significant portion of our indebtedness bears interest at variable rates; weakening general economic conditions; weather conditions and seasonality; the success of our business strategies, and costs associated with restructuring initiatives. The company assumes no obligation to update the information contained herein, which speaks only as of the date hereof.

ServiceMaster Global Holdings, Inc.
Investor Relations:
James Shields, 901-597-6839
Peter Tosches, 901-597-8449

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