ADT Secures $325 Million Term Loan and Amends Existing Credit Agreement

Reuters10-29
ADT Secures $325 Million Term Loan and Amends Existing Credit Agreement

ADT Inc. has announced that its subsidiaries, including Prime Security Services Borrower, LLC, Prime Security Services Holdings, LLC, and The ADT Security Corporation, have entered into an Incremental Assumption and Amendment Agreement No. 21 with Barclays Bank PLC and other lenders. This agreement amends and restates the company's existing First Lien Credit Agreement, originally dated July 1, 2015, and subsequently amended multiple times. The proceeds from the new September 2025 Incremental Term B-2 Loans, along with funds from a recent offering of 5.875% first-priority senior secured notes due 2033 and cash on hand, were used to fully redeem $1.3 billion of outstanding 6.250% Second-Priority Senior Secured Notes due 2028. The amended agreement maintains the obligations of the previous credit arrangement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADT Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001703056-25-000162), on October 28, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment