ADT talks $500 million 10-year notes at Treasuries plus 250 bps area for Monday pricing

By Andrea Heisinger

New York, Jan. 7 - ADT Corp. is talking a $500 million offering of 10-year notes (Baa2/BBB-/BBB) for pricing on Monday, an informed source said.

The notes have price guidance in the 250 basis points over Treasuries area.

Goldman Sachs & Co., Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are the bookrunners.

The sale is being done under Rule 144A and Regulation S.

ADT was last in the U.S. bond market with a $2.5 billion sale in three tranches on June 27, 2012. That offering included 3.5% 10-year notes priced at 195 bps over Treasuries.

The security and alarm system company is based in Boca Raton, Fla.

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