The Firm recently represented the initial purchasers, led by Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, in the offering of $750 million aggregate principal amount of 5.125% Senior Notes due 2024 by The ServiceMaster Company, LLC pursuant to Rule 144A and Regulation S. The net proceeds of the offering are being used to fund the repayment of certain existing indebtedness of ServiceMaster.
ServiceMaster is a leading provider of residential and commercial services, operating through an extensive service network of more than 8,000 company-owned, franchised and licensed locations. ServiceMaster owns a portfolio of well-recognized brands, including 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 Simpson Thacher team for this transaction included John C. Ericson, Katerina Kousoula, Grady Chang and Javier Rivera-Alvarado (Capital Markets); Joseph A. Tootle and Pierce Pandolph (Tax); Michael R. Isby (Environmental); Aimee Adler and Joo Hyun Lee (Executive Compensation & Employee Benefits); Steven DeLott (Insurance); and Jennie Getsin (Blue Sky).