ServiceMaster plans to redeem some 8% notes at 108, 7% notes at 107

By Susanna Moon

Chicago, March 24 - ServiceMaster Global Holdings, Inc. plans to redeem two series of notes using proceeds of an initial public offering of stock, according to an S-1 filing with the Securities and Exchange Commission.

The company said it plans to redeem some of its 8% notes due Feb. 15, 2020 at 108% of par and its 7% notes due Aug. 15, 2020 at 107% of par.

Any remaining proceeds will be used to redeem more of the outstanding 8% notes at par plus a make-whole premium.

The company also plans to pay accrued interest.

ServiceMaster is a Memphis-based provider of maintenance services to residential and commercial customers.

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