04:50 PM EST, 12/19/2024 (MT Newswires) -- 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 ( FTDR ) said it will use the remaining funds from the facility for share repurchases and general corporate purposes.