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

Core Viewpoint - Rollins, Inc. has announced a proposed secondary public offering of $1.0 billion of its common stock by existing stockholders LOR, Inc. and Rollins Holding Company, Inc. [1][2] Offering Details - The underwriter has a 30-day option to purchase an additional $150 million of shares from the Selling Stockholders [2] - Rollins will not sell any shares and will not receive any proceeds from the offering [2] - Each Selling Stockholder is expected to enter into a 365-day lock-up agreement from the pricing date of the offering [3] Share Repurchase - The company intends to repurchase approximately $200 million of the shares being offered at the same per share price paid by the underwriter [4] - The completion of the share repurchase is conditioned on the closing of the offering [4] Underwriter Information - Morgan Stanley is acting as the sole bookrunner for the offering [5] Regulatory Compliance - The offering is made pursuant to a shelf registration statement on Form S-3 previously filed with the SEC [6] - A preliminary prospectus supplement will be filed with the SEC, and copies can be obtained from the SEC or Morgan Stanley [6]