ServiceMaster intends to redeem $400 million 10¾% notes due 2015

By Ashley Montgomery

Kansas City, Kan., Jan. 12 - ServiceMaster Co. plans to redeem $400 million principal amount of its 10¾% senior notes due 2015, according to an 8-K filing with the Securities and Exchange Commission.

The redemption date will be Feb. 13, subject to certain conditions and the determination of the company. The redemption date may be delayed, at the company's discretion, no later than March 12, the filing stated.

If the conditions for redemption have not been met by March 12, the company said it will not redeem the notes.

The price of the redemption will be at 105.375 plus accrued interest to the redemption date.

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

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