other material
confidence high
sentiment neutral
materiality 0.75
Secondary offering of 17.4M shares closes; company repurchases $200M in shares
ROLLINS INC
- Selling stockholders sold 17,391,305 shares at $57.50; underwriter option for 2,608,695 shares exercised in full.
- Rollins did not sell any shares and received no proceeds from the offering.
- Company repurchased 3,478,260 shares being offered for approximately $200 million at the same $57.50 price.
- Selling stockholders entered into 365-day lock-up agreements restricting further sales.
- Offering closed November 12, 2025; Morgan Stanley acted as sole bookrunner.