#United States #Atlanta #Common Stock #Public Offering #Rollins Inc.

Rollins, Inc. Completes Successful Secondary Public Offering

Rollins, Inc., a leader in the pest control industry, has announced the successful closure of its previously disclosed secondary public offering. The offering involved a total of 17,391,305 shares of common stock, which included an additional 2,608,695 shares sold due to the underwriters’ full exercise of their option.

Although Rollins did not sell any shares directly and therefore did not receive any proceeds from this offering, the transaction was primarily handled by two of its existing stockholders: LOR, Inc. and Rollins Holding Company, Inc. The public offering price was set at $57.50 per share. This strategic financial maneuver provides both liquidity for the current shareholders and further solidifies Rollins' standing in the market.

To ensure stability, the selling stockholders agreed to a lock-up period of 365 days, prohibiting them from engaging in any transactions related to their shares during this time. This indicates a calculated approach to preserve company valuation and shareholder interests moving forward.

To add to this, Rollins has also executed the repurchase of 3,478,260 shares from the offering, amounting to approximately $200 million. This stock buyback scheme would significantly ensure that the company maintains a controlled share structure while enhancing the value of existing shares.

Morgan Stanley served as the sole bookrunner for the offering, providing its expertise in navigating the complexities of public offerings. The offering was executed under a shelf registration that Rollins had previously filed with the SEC and was declared effective in June 2023. Interested parties can find detailed documents related to this transaction on the SEC’s website and also request copies directly from Morgan Stanley.

It is essential to underline that this announcement does not constitute an offer to sell or solicit an offer for any securities. Furthermore, there will be no sales of these securities in any jurisdictions where such actions would be illegal prior to proper registration or qualification under relevant securities laws.

About Rollins, Inc.

Rollins, Inc. stands as a premier global provider of pest control services, offering solutions to over 2.8 million customers across North America, South America, Europe, Asia, Africa, and Australia. With a dedicated workforce of more than 20,000 employees operating from over 800 locations worldwide, the company ensures effective pest management through a diverse family of brands. Notable names under the Rollins umbrella include Orkin, Critter Control, and HomeTeam Pest Defense, among others. This extensive network not only highlights Rollins' reach but also solidifies its influence in the pest control market, further emphasizing its commitment to delivering essential services to its customers.

In the coming months, Rollins may explore further opportunities for growth and expansion, potentially utilizing the additional capital from its operations. Investors and industry observers alike should monitor Rollins closely as it implements its financial strategies and strives for continued success in the marketplace.

For further inquiries, please contact Rollins' Investor Relations department at [email protected] or call (404) 888-2000.

Conclusion

With the closing of this secondary public offering, Rollins, Inc. is poised to enhance its position in the market. The strategic initiatives surrounding this offering are indicative of the company’s focused approach to maintaining strong shareholder value and expanding its operational capabilities in the pest control industry. Investors can anticipate that Rollins will continue to leverage its advantageous market position in the months to come.