Rollins $1.1 billion secondary offering
We advised the sole underwriter on the offering
Davis Polk advised the underwriter in connection with the approximately $1.1 billion SEC-registered secondary offering of 20,000,000 shares of common stock of Rollins, Inc. by LOR, Inc. and Rollins Holding Company, Inc., entities controlled by the Rollins family, which included the full exercise of the underwriters’ option to purchase additional shares. Rollins repurchased 3,478,260 shares from the underwriters in the offering. The shares are listed on the New York Stock Exchange under the symbol “ROL.”
Rollins is an international services company headquartered in Atlanta, Georgia. Through its family of leading brands, Rollins provides essential pest and wildlife control services and protection against termite damage, rodents and insects to more than two million residential and commercial customers from more than 800 company-owned and franchised locations in approximately 70 countries.
The Davis Polk capital markets team included partner Byron B. Rooney and associates Nicole Groysman and Gianmarco Dedós Capote. Partner Patrick E. Sigmon and associate David J. Beer provided tax advice. All members of the Davis Polk team are based in the New York office.