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Rating Action: Moody's downgrades TruGreen's CFR to B3; outlook is stableGlobal Credit Research - 19 Aug 2022Approximately $1.7 billion of debt securities affectedNew York, August 18, 2022 ...
TruGreen, originally known as ChemLawn and later as TruGreen ChemLawn, is the largest lawn treatment company in the United States. [ 1 ] [ 2 ] [ 3 ] The company was founded in 1969 and provides lawn care and tree and shrub care treatments on a subscription basis (except in New York where it is by contract basis). [ 4 ]
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The Scotts Miracle-Gro Company retained a 30% stake in the company after the merger, with the option to buy the operations back in the future from TruGreen. In 2019, Scotts Miracle-Gro sold its 30% minority stake in TruGreen for approximately $234 million.
The 2000–2001 California electricity crisis, also known as the Western U.S. energy crisis of 2000 and 2001, was a period of time during which the U.S. state of California had a shortage of electricity supply caused by market manipulations and capped retail electricity prices. [10]
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According to the California Department of Water Resources, in 2016, nine of the twelve biggest reservoirs in California are below the historical average, even after the El Nino in the winter of 2015. In the last five years, Fresno has received significantly less rainfall than the historical average of 14.77 inches per year, with the average ...
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