Rollins announces $1B secondary offering by existing stockholders; company to repurchase $200M of shares

ROLLINS INC

LOR, Inc. and Rollins Holding Company offer $1.0B of common stock in secondary offering; underwriter option for additional $150M.
Rollins will not issue shares or receive proceeds; intends to repurchase $200M of offered shares at same offering price.
Selling stockholders subject to 365-day lock-up from pricing date; Morgan Stanley sole bookrunner.

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