ADT intends to direct capital towards getting leverage ratio below 4x

By Devika Patel

Knoxville, Tenn., Sept. 23 – ADT Inc. plans to allocate capital towards deleveraging, hoping to get its leverage ratio below 4x.

“We’re at a 4x [leverage ratio] now, and we’d like, over time, to get it to something that starts with a 3,” president and chief executive officer Jim DeVries said at the Goldman Sachs 30th Annual Communacopia Conference on Thursday.

ADT is a Boca Raton, Fla., security services company.

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