ADT Announces Pricing of First-Priority Senior Secured Notes

BOCA RATON: ADT Inc. (NYSE: ADT) (“ADT”), the most trusted brand in smart home and business security, announced that its indirect wholly owned subsidiary, The ADT Security Corporation (“ADTSC”) has priced its offering of $1.0 billion aggregate principal amount of 4.125% first-priority senior secured notes due 2029 (the “Notes”) in an offering that will be exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) (the “Offering”).

The Offering is expected to close on July 29, 2021, subject to certain conditions.

The Issuer expects to use the proceeds from the Offering, along with cash on hand to (i) redeem all of the $1.0 billion outstanding aggregate principal amount of the 3.500% Senior Notes due 2022 (the “2022 Notes”) of the Issuer and (ii) pay related fees and expenses in connection with the transactions.

The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.

About ADT Inc.
ADT is the most trusted brand in smart home and small business security. Through innovative products, partnerships and the largest network of smart home security professionals in the United States, we connect and protect what matters most to our customers at home, work and on the go. For more information, visit www.adt.com.

 

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