UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 15, 2005
THE SERVICEMASTER COMPANY
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 1-14762 36-3858106
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification Number)
3250 Lacey Road, Suite 600, Downers Grove, Illinois 60515
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (630) 663-2000
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Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
____ Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
____ Soliciting material pursuant to Rule 14a - 12 under the Exchange Act (17
CFR 240.14a - 12)
____ Pre-commencement communications pursuant to Rule 14d - 2(b) under the
Exchange Act (17 CFR 240.14d(b))
____ Pre-commencement communications pursuant to Rule 13e - 4(c) under the
Exchange Act (17 CFR 240.13e - 4(c))
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
As disclosed in a Form 8-K filed on April 5, 2005, ServiceMaster borrowed,
through a series of transactions, a total of $80 million under its $500 million
senior unsecured bank revolving credit facility dated as of May 19, 2004 among
ServiceMaster, the lenders, JPMorgan Chase Bank and Bank of America, N.A. as
syndication agents, SunTrust Bank, as administrative agent, and U.S. Bank and
Wachovia Bank, N.A. as documentation agents (the "Credit Facility"). Subsequent
to that filing, the following transactions have occurred.
On April 8, 2005, ServiceMaster repaid $20 million plus interest previously
borrowed under the Credit Facility on March 8, 2005. On April 15, 2005,
ServiceMaster borrowed a total of $140 million under its Credit Facility. The
April 15, 2005 borrowing consisted of:(i) $20 million at an interest rate of
4.00375%, payable on May 16, 2005; (ii) $20 million at an interest rate of
4.12%, payable on June 15, 2005; and (iii) $100 million at an interest rate of
4.19063%, payable on July 15, 2005. The interest rates described above exclude
the .20% facility fee payable under the Credit Facility. The $140 million of
additional borrowings under the Credit Facility will be used for repayment of
principal and interest related to ServiceMaster's public debt maturing in April
2005 and general corporate purposes.
The outstanding principal balance of ServiceMaster's Credit Facility subsequent
to the transactions described above is $200 million as of April 15, 2005.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
THE SERVICEMASTER COMPANY
Date: April 21, 2005 By: /s/ Jim L. Kaput
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Jim L. Kaput
Senior Vice President and General Counsel
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