Market Overview

ServiceMaster Announces Launch of Financing Transactions in Conjunction with the Spin-off of American Home Shield Business


ServiceMaster Global Holdings, Inc. (NYSE:SERV) (the "Company"), today
announced the commencement of a private offering of $350 million
aggregate principal amount of unsubordinated unsecured notes (the
"Notes") of its wholly-owned subsidiary, frontdoor, inc. ("Frontdoor,"
currently an indirect, wholly owned subsidiary of the Company, and the
parent company of American Home Shield). The Company also announced that
syndication for a $650 million term loan facility of Frontdoor launched
last week.

The Notes will be offered in a private offering exempt from the
registration requirements of the Securities Act of 1933, as amended (the
"Securities Act"). The Notes will be offered only to qualified
institutional buyers pursuant to Rule 144A and to certain persons
outside the United States pursuant to Regulation S, each under the
Securities Act.

The Notes have not been and will not be registered under the Securities
Act or the securities laws of any other jurisdiction and may not be
offered or sold in the United States absent registration or an
applicable exemption from registration requirements.

This press release is for informational purposes only and is not an
offer to sell or purchase nor the solicitation of an offer to sell or
purchase securities and shall not constitute an offer, solicitation or
sale in any state or jurisdiction in which, or to any person to whom,
such an offer, solicitation or sale would be unlawful.

About ServiceMaster

ServiceMaster Global Holdings, Inc. is a leading provider of essential
residential and commercial services, operating through an extensive
service network of more than 8,000 company-owned locations and franchise
and license agreements. The company's portfolio of well-recognized
brands includes American Home Shield (home service plans), AmeriSpec
(home inspections), Furniture Medic (cabinet and furniture repair),
Merry Maids (residential cleaning), ServiceMaster Clean (janitorial),
ServiceMaster Restore (disaster restoration) and Terminix (termite and
pest control). The company is headquartered in Memphis, Tenn.

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