Rollins announces $1B common stock offering for holders

Rollins (ROL) announced the commencement of a proposed secondary public offering of $1.0B of shares of its common stock by LOR and Rollins Holding Company, two of the company’s existing stockholders. In addition, subject to the closing of the offering, the company intends to repurchase approximately $200M of the shares of common stock being offered in the offering at the same per share price to be paid by the underwriter to the selling stockholders in the offering. Morgan Stanley is acting as sole bookrunner for the offering.