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Published on 1/2/2019 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

ADT to redeem $300 million of 9¼% second-priority secured notes

By Wendy Van Sickle

Columbus, Ohio, Jan. 2 – ADT Inc. will redeem a $300 million portion of its outstanding 9¼% second-priority senior secured notes due 2023 on Feb. 1, according to a press release.

The notes will be redeemed at a price of 106.318 plus accrued interest.

Following the partial redemption, $2,246,000,000 of the notes will remain outstanding.

The issuer is a Boca Raton, Fla., security services company.


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