Frontdoor (FTDR) said Thursday it consummated its purchase of 2-10 Home Buyers Warranty for $585 million in cash after receiving regulatory approvals and satisfying all closing conditions.
The company also said it priced its $1.47 billion credit facility, with proceeds used to fund the 2-10 Home Buyers Warranty acquisition and to retire previous term loans maturing in 2026 and 2028.
Frontdoor said it will use the remaining funds from the facility for share repurchases and general corporate purposes.
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