| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for ADT Corp. > News item |
ADT reports early tenders of $1.67 billion 9¼% notes due 2023
By Wendy Van Sickle
Columbus, Ohio, April 1 – ADT Corp. said wholly owned subsidiaries Prime Security Services Borrower, LLC and Prime Finance Inc. took in early tenders of $1,672,979,000, or 74.49%, in their tender offer for their outstanding $2,246,000,000 9¼% second-priority senior secured notes due 2023, according to a press release.
ADT said $1 billion of the early tenders are expected to be accepted on a pro rata basis.
The offer opened on March 18, and the early deadline was 5 p.m. ET on March 29.
Holders will receive $1,053.04 for each $1,000 principal amount of early tendered notes accepted for purchase, including the early tender payment of $30 per $1,000 principal amount.
Early settlement is scheduled for April 4.
The offer will expire at 12 a.m. April 13.
Deutsche Bank Securities Inc. is acting as dealer manager for the tender offer (855 287-1922 and 212 250-7527). D.F. King & Co., Inc. is acting as the tender and information agent (212 269-5550 for brokers and banks and 866 796-3328 for all others or adt@dfking.com).
ADT is a Boca Raton, Fla.-based provider of home security systems and services.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.