debt
confidence high
sentiment neutral
materiality 0.50
Rollins prices $500M of 5.25% Senior Notes due 2035 to repay credit facility
ROLLINS INC
- Priced $500M aggregate principal of 5.25% Senior Notes due February 24, 2035.
- Offering expected to close February 24, 2025, subject to customary conditions.
- Net proceeds primarily to repay indebtedness under senior credit facility; also for dividends, buybacks, acquisitions, working capital.
- Notes guaranteed by subsidiaries that are guarantors under senior credit facility.