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Published on 3/30/2010 in the Prospect News Bank Loan Daily.

ServiceMaster pays down all $40 million of borrowings under revolver

By Angela McDaniels

Tacoma, Wash., March 30 - ServiceMaster Co. repaid all outstanding borrowings under its $500 million revolving credit facility on Dec. 21, according to its 10-K report for 2009 filed with the Securities and Exchange Commission on Tuesday.

The amount outstanding at that time was $40 million.

The company borrowed a total of $165 million under the revolver in September 2008 and repaid $125 million of that in July 2009.

ServiceMaster is a Downers Grove, Ill., provider of maintenance services to residential and commercial customers.


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