Frontdoor launches $1.47B credit facility to fund 2-10 acquisition and refinance debt

Frontdoor, Inc.

New $1.47B facility includes $418M Term Loan A, $800M Term Loan B, and $250M revolver.
State of California approved the 2-10 Home Buyers Warranty acquisition.
Acquisition and credit facility expected to close in mid-December 2024.
Company also re-affirmed FY2024 guidance for gross margin, on-demand revenue, and DTC customer count.

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