| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for ADT Inc. > News item |
ADT conditionally calls 9¼% second-priority notes due 2023 at 104.625
By Marisa Wong
Los Angeles, Jan. 16 – ADT Inc. said it delivered a conditional notice of redemption to holders of the $1,246,000,000 outstanding 9¼% second-priority senior secured notes due 2023 issued by indirect wholly owned subsidiaries Prime Security Services Borrower, LLC and Prime Finance Inc.
The 2023 notes will be redeemed on Feb. 15 at a redemption price of $1,046.25 per $1,000 principal amount plus the accrued interest, subject to a financing condition.
The redemption is conditioned on Prime Security and Prime Finance completing an offering of new second-priority senior secured notes due 2028.
As a result, the redemption date may be delayed until the financing condition is met.
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.