secwatch.observer — SEC 8-K summary
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Issuer:     ROLLINS INC (ROL)
CIK:        0000084839
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0000084839-23-000009
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84839/000008483923000009/0000084839-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84839/000008483923000009/rol-20230224x8k.htm
  HTML page:      https://secwatch.observer/filing/0000084839-23-000009

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