Cahill Represents Citigroup, JPMorgan and Bank of America in $4.8 Billion Buyout of ServiceMaster Co.
Private-equity firm Clayton, Dubilier & Rice announced today that it has agreed to acquire home-services operator ServiceMaster Co. for about $4.8 billion. ServiceMaster represents new territory for the New York-based firm, serving as a large foray into the demographics and economics of homeownership. Its brands include the Terminix pest-removal service, home-lawn-care business TruGreen, and handyman service American Home Shield.
Cahill is representing Citigroup, JP Morgan and Bank of America in a $2,650,000 Term Loan Credit Facility, $200,000,000 Synthetic Letter of Credit Facility and a $500,000,000 Revolving Credit Facility in connection with the buyout of ServiceMaster Co. by Clayton, Dubilier & Rice, Inc.