other material
confidence high
sentiment neutral
materiality 0.75
Rollins prices secondary offering of 17.4M shares at $57.50; will repurchase $200M concurrently
ROLLINS INC
- Secondary public offering of 17,391,305 shares priced at $57.50 per share; selling stockholders LOR, Inc. and Rollins Holding Company.
- Company will not issue any shares and will not receive any proceeds from the offering.
- Company agreed to repurchase 3,478,260 shares for approximately $200 million at same price, concurrent with offering close.
- Selling stockholders subject to 365-day lock-up; Morgan Stanley is sole bookrunner.
- Offering expected to close November 12, 2025, subject to customary conditions.