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): August 30, 2005
THE SERVICEMASTER COMPANY
(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 Ac
(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 15, 2005, ServiceMaster borrowed,
through a series of transactions, a total of $200 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, ServiceMaster repaid $140 million in principal, plus
interest, on the amount previously borrowed under the Credit Facility. On August
25, 2005, ServiceMaster requested an additional advance of $30 million under the
Credit Facility to settle on August 31, 2005, at an interest rate of 4.27% with
a 30-day term, payable on September 30, 2005. The interest rate described above
excludes the .15% facility fee payable under the Credit Facility. The $30
million of additional borrowings under the Credit Facility will be used for
general corporate purposes.
The outstanding principal balance of ServiceMaster's Credit Facility subsequent
to the transaction described above is $90 million as of August 31, 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: August 30, 2005 By: /s/ Jim L. Kaput
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Jim L. Kaput
Senior Vice President and General Counsel
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