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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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