Monday, April 16, 2007

ServiceMaster Receives Commitments for $4.5 Billion of Debt to Fund Buyout

(Bloomberg) -- ServiceMaster Co., the owner of the TruGreen LandCare and Terminix pest control businesses, received commitments for $4.5 billion in loans to finance its buyout by Clayton Dubilier & Rice Inc., according to a regulatory filing.

Lenders including Citigroup Inc. agreed to a $2.65 billion term loan, a $200 million credit facility, and a $500 million revolving credit line, Memphis, Tennessee-based ServiceMaster said in the Securities and Exchange Commission filing today.


Read more at Bloomberg Bonds News

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