(Bloomberg) -- ServiceMaster Co., owner of the
TruGreen and Terminix services, shelved a $1.15 billion bond
offering as investors pulled away from high-yield, high-risk
debt, according to a person with knowledge of the decision.
No new date has been set for the sale, said the person, who
declined to be identified because details are confidential.
Memphis, Tennessee-based ServiceMaster had planned to sell senior
cash-interest notes and so-called toggle securities to finance a
$4.7 billion leveraged buyout by Clayton Dubilier & Rice Inc.
Read more at Bloomberg Bonds News
TruGreen and Terminix services, shelved a $1.15 billion bond
offering as investors pulled away from high-yield, high-risk
debt, according to a person with knowledge of the decision.
No new date has been set for the sale, said the person, who
declined to be identified because details are confidential.
Memphis, Tennessee-based ServiceMaster had planned to sell senior
cash-interest notes and so-called toggle securities to finance a
$4.7 billion leveraged buyout by Clayton Dubilier & Rice Inc.
Read more at Bloomberg Bonds News
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