Rollins issues $500 million of 5.25% senior notes due 2035
Rollins, Inc. issued $500 million of 5.25% senior unsecured notes maturing February 24, 2035, under an indenture dated February 24, 2025. The company said it will mainly use the proceeds to repay borrowings under its $1.0 billion revolving credit facility, with the rest for general corporate purposes. The debt adds a fixed-rate obligation that shareholders should weigh against the company's existing borrowings.
Key points
- Notes: $500 million aggregate principal, 5.25% annual interest paid semiannually, first payment August 24, 2025
- Maturity February 24, 2035; redeemable before November 24, 2034 with a make-whole premium
- Proceeds mainly to repay Credit Facility borrowings; notes rank equally with other senior debt, including the Credit Facility
- Registration rights agreement requires an exchange offer filing within 270 days; interest rate rises 0.25% if deadlines are missed
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.