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ADT plans to price $500-$750 million of first-lien secured notes
By Sara Rosenberg
New York, Sept. 3 – ADT Inc. (Prime Security Services Borrower LLC) is planning on issuing $500 million to $750 million of first-lien senior secured notes, according to a market source.
Proceeds will be used with a $3.025 billion to $3.275 billion senior secured term loan B to refinance an existing first-lien senior secured term loan due 2022 and first-lien senior secured notes due 2020, and to pay associated fees, expenses and early call premiums.
ADT is a Boca Raton, Fla.-based provider of monitored security and interactive home and business automation solutions.
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