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Published on 2/21/2018 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

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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