Rollins, Inc. Announces Pricing of Secondary Public Offering of Common Stock

Rhea-AI Summary

Rollins (NYSE: ROL) priced a secondary offering of 17,391,305 shares by two existing holders at $57.50 per share, with expected closing on November 12, 2025. The underwriter has a 30‑day option to buy up to an additional 2,608,695 shares. Rollins will not sell shares and will receive no proceeds from the offering.

Subject to closing, Rollins agreed to repurchase 3,478,260 of the offered shares for approximately $200 million at the same per‑share price; the offering and repurchase are conditioned on each other. Each selling stockholder entered a 365‑day lock‑up. Morgan Stanley is sole bookrunner; the offering is made from a Form S‑3 shelf registration declared effective June 22, 2023.

Positive

• Company agreed to repurchase 3,478,260 shares for approximately $200M
• Selling stockholders committed to a 365‑day lock‑up, reducing near‑term selling pressure

Negative

• Secondary offering of 17,391,305 shares increases available supply
• Company will receive no proceeds from the offering
• Offering and repurchase are mutually conditioned, creating execution risk

ATLANTA, Nov. 10, 2025 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL) ("Rollins" or the "Company") today announced the pricing of a secondary public offering of 17,391,305 shares of its common stock (the "Offering") by LOR, Inc. and Rollins Holding Company, Inc., two of the Company's existing stockholders (together, the "Selling Stockholders") at a price to the public of $57.50 per share. The Offering is expected to close on November 12, 2025, subject to satisfaction of customary conditions.

The underwriter will have a 30-day option to purchase up to an additional 2,608,695 shares of common stock from the Selling Stockholders. Rollins is not selling any shares and will not receive any proceeds from the Offering.

In connection with the Offering, each of the Selling Stockholders has entered into lock-up agreements for a period of 365 days from the pricing date of the Offering, during which time the Selling Stockholders will be restricted from engaging in certain transactions with respect to their shares of the Company's common stock.

Subject to the closing of the Offering, the Company has agreed to repurchase 3,478,260 of the shares of common stock being offered in the Offering for approximately $200 million at the same per share price to be paid by the underwriter to the Selling Stockholders in the Offering (the "Share Repurchase"). The completion of the Share Repurchase is conditioned on, and is expected to close concurrently with, the closing of the Offering. The closing of the Offering is also conditioned on the completion of the Share Repurchase.

Morgan Stanley is acting as sole bookrunner for the Offering.

The Offering is being made pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission ("SEC") and declared effective by the SEC on June 22, 2023. A preliminary prospectus supplement relating to and describing the terms of the Offering has been filed with the SEC and is available on the SEC's web site at www.sec.gov. Copies of the final prospectus supplement (when available) and accompanying prospectus relating to these securities may also be obtained by sending a request to: Goldman Sachs & Co. LLC, Attn: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street 2nd Floor, New York, New York 10014.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities in any state or 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.

About Rollins, Inc.

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 Aardwolf Pestkare, Clark Pest Control, Crane Pest Control, Critter Control, Fox Pest Control, HomeTeam Pest Defense, Industrial Fumigant Company, McCall Service, MissQuito, Northwest Exterminating, OPC Pest Services, Orkin, Orkin Australia, Orkin Canada, PermaTreat, Safeguard, Saela Pest Control, Trutech, Waltham Services, Western Pest Services, and more.

Caution 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.

FAQ

What did Rollins (ROL) price the secondary offering at and how many shares were offered?

The offering was priced at $57.50 per share for 17,391,305 shares.

When is the Rollins (ROL) secondary offering expected to close?

The offering is expected to close on or about November 12, 2025, subject to customary conditions.

How many shares will Rollins repurchase and for what amount in connection with the offering?

Rollins agreed to repurchase 3,478,260 shares for approximately $200 million at the same per‑share price.

Will Rollins (ROL) receive proceeds from the November 2025 secondary offering?

No; Rollins is not selling any shares in the offering and will receive no proceeds.

Is there an option for additional shares in the Rollins (ROL) offering?

Yes; the underwriter has a 30‑day option to purchase up to an additional 2,608,695 shares from the selling stockholders.

Do selling stockholders face any restrictions after the Rollins (ROL) offering?

Yes; each selling stockholder entered into a 365‑day lock‑up from the pricing date restricting certain share transactions.