Frontdoor, inc. successfully completes transaction to refinance capital structure

Memphis, tenn.--(business wire)--frontdoor, inc. (nasdaq: ftdr), the nation's leading provider of home service plans, today announced it successfully closed a transaction to refinance its capital structure. the company expects to reduce annual interest expense by approximately $30 million compared to 2020, lower gross debt by approximately $350 million in the first half of 2021 and extend the average debt maturity duration by approximately two years. “this refinancing significantly reduces our
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