ServiceMaster pulls $1.65 billion term loan B repricing from market

By Sara Rosenberg

New York, April 5 – ServiceMaster Co. LLC withdrew the repricing of its $1.65 billion term loan B due 2023 from the primary market, according to a market source.

The repricing had been talked at Libor plus 200 basis points with a 0% Libor floor, a par issue price and 101 soft call protection for six months.

J.P. Morgan Securities LLC was the lead arranger on the deal.

The repricing would have taken the term loan B down from Libor plus 250 bps with a 0% Libor floor.

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

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