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ADT redeems $594 million of 9¼% second-priority senior secured notes
By Sarah Lizee
Olympia, Wash., Feb. 21 – ADT Inc. completed the partial redemption of $594 million of its outstanding 9¼% second-priority senior secured notes due 2023 on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.
The notes were redeemed at a price of 109.25 plus accrued interest.
Following the partial redemption, $2,546,000,000 of the notes remain outstanding.
The issuer is a Boca Raton, Fla., security services company.
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