ROLLINS INC (ROL): debt financing — Rollins issues $500M 5.25% Senior Notes due 2035 to repay credit facility

ROLLINS INC

$500M aggregate principal of 5.25% Senior Notes due 2035 issued February 24, 2025.
Interest payable semi-annually starting August 24, 2025; matures February 24, 2035.
Net proceeds primarily to repay outstanding Credit Facility borrowings and for general corporate purposes.
Notes are senior unsecured obligations, guaranteed by subsidiaries that guarantee the $1B revolving credit facility.
Registration Rights Agreement requires exchange offer within 270 days; failure triggers 0.25% p.a. interest step-up.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ROLLINS INC incurred senior notes of $500 million aggregate principal amount with Regions Bank, as trustee; initial purchasers were offered to qualified institutional buyers at 5.25% per annum maturing February 24, 2035.

Instrument: senior notes
Principal: $500 million aggregate principal amount
Counterparty: Regions Bank, as trustee; initial purchasers were offered to qualified institutional buyers
Rate: 5.25% per annum
Maturity: February 24, 2035
Event: incurrence

Exact text from the filing

On February 24, 2025, Rollins, Inc. (the “Company”) issued $500 million aggregate principal amount of its 5.25% Senior Notes due 2035

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Source: SEC EDGAR

accession 0000950142-25-000519

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