Rollins, Inc. Announces Pricing of its $500 Million of 5.25% Senior Notes due 2035
Rollins (NYSE: ROL) has announced the pricing of $500 million in Senior Notes with a 5.25% interest rate, due in 2035. The notes offering, expected to close on February 24, 2025, is being made to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
The company plans to use the proceeds primarily to repay existing debt under its senior credit facility, along with general corporate purposes including dividends, share repurchases, acquisitions, working capital, and capital expenditures. The Notes will be guaranteed by Rollins' subsidiaries that are guarantors under its senior credit facility.
Rollins (NYSE: ROL) ha annunciato la fissazione del prezzo di 500 milioni di dollari in Note Senior con un tasso di interesse del 5,25%, in scadenza nel 2035. L'offerta di note, prevista per chiudere il 24 febbraio 2025, è rivolta a compratori istituzionali qualificati ai sensi della Regola 144A e a persone non statunitensi ai sensi del Regolamento S della Securities Act.
L'azienda prevede di utilizzare i proventi principalmente per rimborsare il debito esistente sotto il suo credito senior, insieme a scopi aziendali generali tra cui dividendi, riacquisti di azioni, acquisizioni, capitale circolante e spese in conto capitale. Le Note saranno garantite dalle filiali di Rollins che sono garanti sotto il suo credito senior.
Rollins (NYSE: ROL) ha anunciado el precio de 500 millones de dólares en Notas Senior con una tasa de interés del 5.25%, que vencerán en 2035. La oferta de notas, que se espera cierre el 24 de febrero de 2025, se realiza a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses bajo el Reglamento S de la Ley de Valores.
La compañía planea utilizar los ingresos principalmente para pagar la deuda existente bajo su línea de crédito senior, así como para fines corporativos generales que incluyen dividendos, recompra de acciones, adquisiciones, capital de trabajo y gastos de capital. Las Notas estarán garantizadas por las subsidiarias de Rollins que son garantes bajo su línea de crédito senior.
롤린스 (NYSE: ROL)는 5억 달러 규모의 선순위 채권의 가격을 5.25%의 이자율로 발표했으며, 만기는 2035년입니다. 이 채권은 2025년 2월 24일에 마감될 예정이며, 144A 규정에 따라 자격을 갖춘 기관 투자자 및 미국 외의 개인에게 제공됩니다.
회사는 수익금을 주로 기존의 선순위 신용 시설에 대한 부채 상환에 사용하고, 배당금, 자사주 매입, 인수, 운영 자본, 자본 지출 등 일반적인 기업 목적에도 사용할 계획입니다. 이 채권은 롤린스의 선순위 신용 시설의 보증인인 자회사들에 의해 보증됩니다.
Rollins (NYSE: ROL) a annoncé le prix de 500 millions de dollars en Obligations Senior avec un taux d'intérêt de 5,25%, arrivant à échéance en 2035. L'offre d'obligations, qui devrait se clôturer le 24 février 2025, est destinée aux acheteurs institutionnels qualifiés selon la règle 144A et aux personnes non américaines selon le règlement S de la loi sur les valeurs mobilières.
La société prévoit d'utiliser les produits principalement pour rembourser sa dette existante dans le cadre de son crédit senior, ainsi que pour des fins corporatives générales, y compris les dividendes, les rachats d'actions, les acquisitions, le fonds de roulement et les dépenses d'investissement. Les Obligations seront garanties par les filiales de Rollins qui sont les garants de son crédit senior.
Rollins (NYSE: ROL) hat die Preisgestaltung von 500 Millionen Dollar in Senior Notes mit einem Zinssatz von 5,25% bekannt gegeben, die im Jahr 2035 fällig sind. Das Angebot der Notes, das voraussichtlich am 24. Februar 2025 abgeschlossen wird, richtet sich an qualifizierte institutionelle Käufer gemäß Regel 144A und an Nicht-US-Personen gemäß der Verordnung S des Wertpapiergesetzes.
Das Unternehmen plant, die Erlöse hauptsächlich zur Rückzahlung bestehender Schulden aus seiner Senior-Kreditfazilität zu verwenden, sowie für allgemeine Unternehmenszwecke, einschließlich Dividenden, Aktienrückkäufen, Akquisitionen, Betriebskapital und Investitionsausgaben. Die Notes werden von den Tochtergesellschaften von Rollins garantiert, die als Garanten unter der Senior-Kreditfazilität fungieren.
- Secured $500 million in long-term financing through Senior Notes
- Debt restructuring opportunity through repayment of existing credit facility
- Flexibility for strategic initiatives including acquisitions and share repurchases
- Taking on new long-term debt with 5.25% interest rate through 2035
- Increased interest expense will impact future cash flows
Insights
The $500 million senior notes offering at
The timing and pricing of this offering are particularly noteworthy. The
The refinancing from a credit facility to fixed-rate notes brings multiple strategic benefits:
- Enhanced financial predictability through fixed interest payments versus variable-rate credit facility debt
- Extended debt maturity profile, reducing near-term refinancing risk
- Increased financial flexibility with a more diverse funding base
- Potential for improved working capital management
The broad range of intended uses for the proceeds, including dividends, share repurchases, and acquisitions, indicates management's confidence in their cash flow generation and provides flexibility for strategic initiatives. The subsidiary guarantees add an extra layer of security for noteholders, which likely contributed to the favorable pricing.
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
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
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.
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