ATLANTA, Feb. 19,
2025 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL)
("Rollins" or the "Company") announced today that it priced
$500,000,000 aggregate principal
amount of its 5.25% Senior Notes due 2035 (the "Notes"). The
offering is expected to close on February
24, 2025 subject to customary closing conditions. The Notes
will mature on February 24, 2035. The
Notes have been offered to qualified institutional buyers pursuant
to Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and to certain non-U.S. persons in accordance
with Regulation S under the Securities Act. Rollins expects to use
the net proceeds from this offering primarily to repay indebtedness
incurred under the Company's senior credit facility, as well as for
general corporate purposes, which may include dividends, share
repurchases, acquisitions, working capital and capital
expenditures. The Notes will be guaranteed by the Company's
subsidiaries that are guarantors under its senior credit
facility.
The Notes will not be registered under the Securities Act or the
securities laws of any state or any other jurisdiction and may not
be offered or sold in the United
States absent an effective registration statement or an
applicable exemption from the registration requirements under the
Securities Act and applicable state securities laws and foreign
securities laws.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities nor will there be
any sales of the Notes in any state or other jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. This notice is being issued pursuant to and
in accordance with Rule 135c of the Securities Act.
About Rollins
Rollins, Inc. (ROL) is a premier global consumer and commercial
services company. Through its family of leading brands, the Company
and its franchises provide essential pest control services and
protection against termite damage, rodents, and insects to more
than 2.8 million customers in North
America, South America,
Europe, Asia, Africa,
and Australia, with more than
20,000 employees from more than 800 locations. Rollins is parent to
Orkin, HomeTeam Pest Defense, Clark Pest Control, Northwest
Exterminating, McCall Service,
Trutech, Critter Control, Western Pest Services, Waltham Services,
OPC Pest Services, The Industrial Fumigant Company, PermaTreat,
Crane Pest Control, MissQuito, Fox Pest Control, Orkin Canada,
Orkin Australia, Safeguard (UK), Aardwolf Pestkare (Singapore), and more. You can learn more about
Rollins and its subsidiaries by visiting www.rollins.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release as well as other written or oral statements
by the Company may contain "forward-looking statements" as defined
in the Private Securities Litigation Reform Act of 1995. We have
based these forward-looking statements on our current opinions,
expectations, intentions, beliefs, plans, objectives, assumptions
and projections about future events and financial trends affecting
the operating results and financial condition of our business.
Although we believe that these forward-looking statements are
reasonable, we cannot assure you that we will achieve or realize
these plans, intentions, or expectations. Generally, statements
that do not relate to historical facts, including statements
concerning possible or assumed future actions, business strategies,
events or results of operations, are forward-looking statements.
The words "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "might," "plan," "possible," "potential,"
"predict," "should," "will," "would," and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking.
These forward-looking statements are based on information
available as of the date of this press release, and current
expectations, forecasts, and assumptions, and involve a number of
judgments, risks and uncertainties. Important factors could cause
actual results to differ materially from those indicated or implied
by forward-looking statements including, but not limited to, those
set forth in the sections entitled "Risk Factors" in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2024 and may also be described from
time to time in our future reports filed with the SEC.
Accordingly, forward-looking statements should not be relied
upon as representing our views as of any subsequent date, and we do
not undertake any obligation to update forward-looking statements
to reflect events or circumstances after the date they were made,
whether as a result of new information, future events or otherwise,
except as may be required by law.
Contact
Investor Relations
InvestorRelations@rollins.com
(404) 888-2000
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SOURCE Rollins, Inc.
