Frontdoor, inc. launches $1.47 billion credit facility to fund acquisition of 2-10 home buyers warranty and refinance debt

Memphis, tenn.--(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 th.
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