secwatch.observer — SEC 8-K summary
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Issuer:     ROLLINS INC (ROL)
CIK:        0000084839
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0000084839-23-000066
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rollins prices secondary offering of 38.7M shares at $35; to repurchase $300M of shares concurrently
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- LOR, Inc. sells 38,724,100 shares at $35.00; underwriters have 30-day option for 5,785,714 more.
- Rollins will not receive any proceeds; it repurchases 8,724,100 shares (~$300M) at same price concurrently.
- Selling stockholder locked up for 365 days from pricing; offering expected to close Sep 11, 2023.
- Joint book-running managers: Goldman Sachs & Co. LLC and Morgan Stanley.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84839/000008483923000066/0000084839-23-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84839/000008483923000066/rol-20230907.htm
  HTML page:      https://secwatch.observer/filing/0000084839-23-000066

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