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ADT to redeem $750 million of 6¼% senior notes due 2021
By Taylor Fox
New York, Aug. 6 – ADT Inc.’s wholly owned subsidiary, ADT Security Corp., plan to redeem $750 million in outstanding principal amount of its 6¼% senior notes due 2021, according to a news release.
ADT intends to use proceeds from its offering of $750 million aggregate principal amount of first-priority senior secured notes due 2027 and cash on hand to fund the redemption.
ADT is a Boca Raton, Fla.-based provider of home and business security services.
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