ServiceMaster Global Holdings, Inc., a leading provider of essential residential and commercial services, announced that it intends to refinance approximately $2.4 billion of debt outstanding under its existing Term Loan B due 2021 and its $300 million revolving credit facility due 2019 (together, “the Facilities”). The company anticipates refinancing the Facilities with the proceeds of a new $1.5 billion Term Loan B due 2023, a new $300 million revolving credit facility due 2021 and $1 billion of unsecured debt expected to mature in 2024. Proceeds from the refinancing will also be used to pay related fees and expenses of the refinancing. The proposed refinancing is subject to market conditions, and there can be no assurances that the proposed refinancing will be completed.

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, TN.