Form 8-K · Current Report · Filed 2025-02-24
Rollins, Inc. issues $500M in Senior Notes due 2035
On February 24, 2025, Rollins, Inc. issued $500 million aggregate principal amount of 5.25% Senior Notes due 2035. The net proceeds will be used to repay outstanding borrowings under the Credit Facility and for general corporate purposes. The Notes are senior unsecured obligations and are guaranteed by certain subsidiaries. Interest is payable semiannually, and redemption is possible under certain conditions. If a change of control repurchase event occurs, the Company may be required to repurchase the Notes. The Indenture includes covenants limiting certain actions by the Company and its subsidiaries. An exchange offer and registration rights agreement were also entered into in connection with the issuance.
- Filer
- Rollins, Inc. ROL · NYSE
- Filed
- Accession
- 0000950142-25-000519
- CIK
- 0000084839
- Signal
- Medium impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Financial Statements and Exhibits
Market reaction
Close before filing
$51.29
Next session
+0.2%
Since filing
-26.0%
Latest close
$37.97
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ROL reporting the same item, with the next session's move:
Exhibits (2)
About Rollins, Inc.
Rollins, Inc. is a prominent global leader in the field of pest and wildlife management. It operates primarily through its renowned subsidiary, Orkin, along with other brands including HomeTeam Pest Defense and Western Pest Services. The company delivers essential services to both residential and commercial clients, focusing on the control and elimination of pests such as termites, insects, and rodents, as well as wildlife management. Rollins’ operations span multiple continents, providing comprehensive services across the United States, Canada, Europe, Central America, Oceania, and Asia. The company plays a vital role in health and hygiene maintenance through its pest control solutions, ensuring that environments remain safe from the potential hazards posed by pests. By employing advanced technology and skilled technicians, Rollins maintains its reputation for reliability and effectiveness in pest control. Its extensive network of service centers enables Rollins to have a significant presence in the market, positioning the firm as a key player in the environmental services sector.
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