Disaster clean-up franchise brings inaugural ABS

Electrolux vacuum resized
By Jennifer Kang
11 Sep 2019

Servpro, a property restoration and disaster clean-up business, is preparing its debut whole business securitization, adding to the long list of first time issuers that have tapped the ABS market in 2019 to take advantage of cheap financing.

Servpro is “the largest provider of property cleaning and restoration in the United States,” according to a pre-sale report by Kroll Bond Rating Agency. The franchise provides clean-up services for properties destroyed by water, fire, mould and other elements. The deal is backed by franchise and development agreements, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.