Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ROLLINS INC incurred revolving credit of $1.0 billion revolving credit facility (initial borrowing of $95 million) with JPMorgan Chase Bank, N.A. at alternate base rate plus a margin ranging from 0.00% to 0.50% per annum; or Adju maturing February 24, 2028.
- Instrument
- revolving credit
- Principal
- $1.0 billion revolving credit facility (initial borrowing of $95 million)
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- alternate base rate plus a margin ranging from 0.00% to 0.50% per annum; or Adju
- Maturity
- February 24, 2028
- Event
- incurrence
Exact text from the filing
(“JPMorgan Chase”), as administrative agent (in such capacity, the “Administrative Agent”), which refinanced its existing credit facility. The Credit Agreement provides for a $1.0 billion revolving credit facility (the “Credit Facility”), which may be denominated in U.S. Dollars and other currencies, including Euros, Australian Dollars, Canadian Dollars, New
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ROLLINS INC terminated a credit facility with Truist Bank (effective 2023-02-24).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Truist Bank
- Effective
- 2023-02-24
Exact text from the filing
The Credit Agreement replaces Rollins’ prior credit facility with, among others, Truist Bank as administrative agent, as described in Item 1.01 of Rollins’ Current Reports on Form 8-K filed with the Securities and Exchange Commission on April 30, 2019 and February 2, 2022 and which descriptions are incorporated by reference in this Item 1.02, and which was terminated effective as at the closing of the Credit Agreement.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ROLLINS INC entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at $1.0 billion (effective 2023-02-24).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- $1.0 billion
- Effective
- 2023-02-24
Exact text from the filing
On February 24, 2023, Rollins, Inc. (“Rollins”), a Delaware corporation, entered into a revolving credit agreement (the “Credit Agreement”) with, among others, JPMorgan Chase Bank, N.A. (“JPMorgan Chase”), as administrative agent (in such capacity, the “Administrative Agent”), which refinanced its existing credit facility.
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