ServiceMaster Global Holdings, Inc. Completes Its Initial Public Offering

MEMPHIS, Tenn. - July 1, 2014 // PRNewswire // - ServiceMaster Global Holdings, Inc., a leading provider of essential residential and commercial services, today announced the closing of its previously announced initial public offering of common stock at $17 a share. The shares began trading June 26 on the New York Stock Exchange under the ticker symbol SERV.

The underwriters for the initial public offering have exercised in full their option to purchase from the company an additional 5,385,000 shares of common stock. As a result, the company sold a total of 41,285,000 shares of common stock in the initial public offering.

The company will use the net proceeds of the offering (i) to redeem (a) $210 million of the outstanding principal of the 8% senior notes due 2020 issued by its subsidiary, The ServiceMaster Company, LLC ("SvM"), at a redemption price equal to 108% of the principal amount thereof, plus accrued interest and (b) $262.5 million of the outstanding principal of SvM's 7% senior notes due 2020 at a redemption price equal to 107% of the principal amount thereof, plus accrued interest; (ii) to repay borrowings under SvM's existing term loan facility; and (iii) to pay consulting agreement termination fees.

The offering was made through an underwriting group led by J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, who acted as joint book-running managers and as representatives of the underwriters for the offering. Additional book-running managers are BofA Merrill Lynch, Jefferies LLC, Natixis Securities Americas LLC and RBC Capital Markets, LLC. Robert W. Baird & Co. Incorporated, Piper Jaffray & Co. and Samuel A. Ramirez & Company, Inc. acted as co-managers for the offering.

The offering of these securities was made by means of a prospectus. Copies of the final prospectus may be obtained by contacting one of the following:

  • J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Ave., Edgewood, N.Y. 11717, or by telephone at (866) 803-9204;
  • Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, or by telephone at (800) 221-1037, or by email at;
  • Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, N.Y. 10282, or by telephone at (866) 471-2526, or by facsimile at (212) 902-9316 or by email at; and
  • Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, N.Y. 10014, or by email at

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.

About ServiceMaster Global Holdings, Inc.

ServiceMaster Global Holdings, Inc. is a leading provider of essential residential and commercial services, operating through an extensive service network of more than 7,000 company-owned, franchised and licensed locations. The company's high-profile brands are Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. ServiceMaster serves approximately 5 million residential and commercial customers through an employee base of approximately 13,000 company associates and a franchise network that independently employs an estimated 33,000 additional people. The company is headquartered in Memphis, Tenn.

SOURCE ServiceMaster Global Holdings, Inc.



Social Reach:

Viewer Response:

comments powered by Disqus

ServiceMaster Clean »

ServiceMaster Global Holdings, Inc. is a leading provider of essential residential and commercial services, operating through an extensive service network.


  1. Business Overview
  2. Franchise News

Franchise News Room »

News By Industry »

Hot Opportunities

Taco Bueno Franchise Opportunity

Taco Bueno
At Taco Bueno, we continue to make Tex-Mex the right way. We prepare our...

Kids 'R' Kids Franchise Opportunity

Kids 'R' Kids
Kids 'R' Kids Learning Academies is a pioneer in the early childhood...

Kitchen Solvers Franchise Opportunity

Kitchen Solvers
As a Kitchen Solvers franchisee you will not need any prior remodeling or...

Nestle Toll House Cafe by Chip Franchise Opportunity

Nestle Toll House Cafe by Chip
Nestlé Toll House Café by Chip is the only major, national dessert café...

Batteries Plus Bulbs Franchise Opportunity

Batteries Plus Bulbs
Whether you're an existing multi-unit operator with a non-competing brand...

Earl of Sandwich Franchise Opportunity

Earl of Sandwich
Earl of Sandwich is a café franchise that was founded in 1762 by John...

Camille Albane Franchise Opportunity

Camille Albane
Decades of trendsetting chain-salon experience in Europe give Camille...

Midas Franchise Opportunity

Midas, a recognized brand throughout the world and highly renowned name in...

A Franchise Update Media Group Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2016. All Rights Reserved. Site Hosting Provided By: wishVPS on FUMG3

In Loving Memory Of Timothy Gardner (1987-2014)