ABM Industries Inc

Decision Points

ABM Industries Incorporated (ABM), through its subsidiaries is a provider of facility services in the United States. The Company provides janitorial, parking, security and engineering services for thousands of commercial, industrial, institutional and retail client facilities in hundreds of cities, primarily throughout the United States. ABM operates in four segments: Janitorial, Parking, Security and Engineering. On October 31, 2008, the Company the sale of substantially all of the assets of its Lighting segment, excluding accounts receivable and certain other assets, to Sylvania Lighting Services Corp (Sylvania). On May 1, 2009, the Company acquired certain assets (primarily customer contracts and relationships) of Control Building Services, Inc.; Control Engineering Services, Inc. and TTF, Inc. ABM Industries Inc listed in New York Stock Exchange on August 11,1971

ABM Industries Incorporated announced the successful refinancing of its credit agreement. The new credit facility provides ABM with enhanced flexibility to deploy capital in pursuit of its strategic initiatives. As part of the refinancing, ABM:

Increased total borrowing capacity to $650 million, with an additional $200 million accordion option Extended the term of the agreement to November 2015 Added a $50M sublimit for certain foreign currency borrowings Updated the permitted acquisition restriction to provide for additional flexibility and agreed to customary affirmative and negative covenants

Under the facility, the interest rate is determined at the time of borrowing based on the LIBOR (London Interbank Offer Rate) plus a spread of 1.50% to 2.50%.

"We are extremely pleased with the results of our refinancing," said James Lusk, executive vice president and chief financial officer, ABM Industries. "The successful execution of the credit facility and added borrowing capacity should provide ABM with additional liquidity to fund our strategic and growth initiatives for the next several years."

Added D. Anthony Scaglione, vice president and treasurer: "This refinancing demonstrates the support and confidence of our syndicate of banks. The deal is a testament to the solid operating results of ABM as we continue executing on our capital strategy."