Frontdoor, Inc. Launches $1.47 Billion Credit Facility to Fund Acquisition of 2-10 Home Buyers Warranty and Refinance Debt [Yahoo! Finance]
Frontdoor, Inc. (FTDR)
Last frontdoor, inc. earnings: 2/26 07:05 am
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Source: Yahoo! Finance
MEMPHIS, Tenn., December 05, 2024 BUSINESS WIRE Frontdoor, Inc. (NASDAQ: FTDR), the nation's leading provider of home warranties, today announced it has launched the syndication of a new $1.47 billion credit facility to fund the acquisition of 2-10 Home Buyers Warranty and to refinance the company's existing credit facilities. The $1.47 billion credit facility is expected to be comprised of a $418 million Term Loan A, an $800 million Term Loan B, and a $250 million revolving credit facility. "We are nearly there on completing the acquisition and we are even more excited now about what 2-10 can do for our company," said Bill Cobb, Frontdoor, Inc.'s Chairman & Chief Executive Officer. "We are taking advantage of the strong debt capital market to opportunistically refinance our existing credit facilities as well as finance the 2-10 acquisition. This transaction also extends our debt maturities and provides the financing for potential future share repurchases." The company also ann
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News
- Three Reasons Why FTDR is Risky and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Frontdoor Completes Acquisition of 2-10 Home Buyers Warranty [Yahoo! Finance]Yahoo! Finance
- Frontdoor, Inc. Completes Acquisition of 2-10 Home Buyers Warranty and Pricing of Previously Announced $1.47 Billion Credit FacilityBusiness Wire
- Frontdoor, Inc. Launches $1.47 Billion Credit Facility to Fund Acquisition of 2-10 Home Buyers Warranty and Refinance DebtBusiness Wire
- Leaf Home™ Appoints Rocco Mango Chief Executive Officer and Rex Tibbens Executive Chairman of the Board [Yahoo! Finance]Yahoo! Finance
FTDR
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- 11/4/24 - Beat
FTDR
Sec Filings
- 12/31/24 - Form 4
- 12/19/24 - Form 8-K
- 12/12/24 - Form 4
- FTDR's page on the SEC website