Rollins adds $252 million of additional term loans, replaces Libor

By Wendy Van Sickle

Columbus, Ohio, Feb. 2 – Rollins, Inc. added $252 million of additional term loans under its credit agreement with Truist Bank as administrative agent on Jan. 27, according to an 8-K filing with the Securities and Exchange Commission.

The term loans mature on April 29, 2024.

The company also reset the amortization schedule for all term loans under the credit agreement and replaced Libor as the benchmark interest rate with the Bloomberg Short-Term Bank Yield Index rate.

The outstanding principal balance of all term loans under the credit agreement is $300 million.

The Atlanta-based pest and termite control company said that the agreement is guaranteed by some of its domestic subsidiaries.

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