---
schema_version: "secwatch.filing_event.v1"
accession: "0000084839-23-000009"
form_type: "8-K"
ticker: "ROL"
cik: "0000084839"
company_name: "ROLLINS INC"
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-19T00:14:53.817545+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Rollins enters $1.0B revolving credit facility, borrows $95M to refinance prior facility

## Summary
- $1.0B revolving credit facility with JPMorgan Chase as admin agent, matures Feb 24, 2028.
- Borrowed $95M at closing to cash collateralize letters of credit and pay off prior facility.
- Financial covenant: total net debt/EBITDA ≤ 3.50:1 (4.00:1 after certain acquisitions).
- Includes $400M foreign currency sublimit, $150M LC subfacility, $50M swingline.
- ESG amendment provision allows pricing adjustments based on sustainability metrics.

## SEC filing metadata
- accession: 0000084839-23-000009
- form_type: 8-K
- ticker: ROL
- cik: 0000084839
- company_name: ROLLINS INC
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/84839/000008483923000009/0000084839-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/84839/000008483923000009/rol-20230224x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000084839-23-000009
- JSON: https://secwatch.observer/filing/0000084839-23-000009.json
- Plain text: https://secwatch.observer/filing/0000084839-23-000009.txt

## Key facts
- Debt Financings
  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
  source text: (“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
  evidence_url: https://www.sec.gov/Archives/edgar/data/84839/000008483923000009/0000084839-23-000009-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/84839/000008483923000009/0000084839-23-000009-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/84839/000008483923000009/0000084839-23-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.