ADT Inc., through its indirect wholly owned subsidiary The ADT Security Corporation, announced on September 30, 2025, a proposed offering of $1.0 billion aggregate principal amount of 5.875% first-priority senior secured notes due 2033. This offering is part of a broader strategy to optimize the company's debt structure.
The company intends to use the proceeds from this offering, along with an additional $300 million principal amount of incremental first lien senior secured term loans and cash on hand, to redeem in full all $1.3 billion outstanding 6.250% Second-Priority Senior Secured Notes due 2028.
This refinancing move aims to reduce interest expenses and extend the maturity profile of ADT's debt, enhancing its financial flexibility. The offering is expected to close on October 15, 2025, subject to customary conditions.
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