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.
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