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Prospect News home > News index > List of issuers T > Headlines for Terminix Co., LLC > News item
Published on 11/17/2020 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Terminix redeems all $750 million of 5 1/8% senior notes due 2024

By Cady Vishniac

Detroit, Nov. 17 – Terminix Global Holdings, Inc. used a portion of the proceeds from the sale of ServiceMaster Brands on Monday to redeem all $750 million of its 5 1/8% senior notes due 2024, according to an 8K filing with the Securities and Exchange Commission.

The notes were issued by ServiceMaster Co., LLC, now known as Terminix Co., LLC on Nov. 8, 2016.

The company paid a penalty of approximately $19 million to bondholders for the early redemption of the notes.

Payment will be on or about Dec. 15.

Terminix is a pest control product manufacturer headquartered in Memphis.


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