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ADT announces tender offer for 5¼% senior notes due 2020
Chicago, Sept. 12 – ADT Inc. announced that its indirect wholly owned subsidiary ADT Security Corp. will begin a tender offer to purchase any and all of the subsidiary’s 5¼% first priority senior notes due 2020, according to a company notice.
The consideration for the notes will be $1,013.15 per $1,000 face amount of notes.
Notes need to be validly tender prior to 11:59 p.m. ET on Sept. 19.
The settlement date for the offer is Sept. 23.
Deutsche Bank Securities Inc. is acting as dealer manager for the tender offer (855 287-1922 or 212 250-7527) and D.F. King & Co. is the tender and information agent (212 269-5550, 866 796-6898 or adt@dfking.com).
The tender offer is being conducted in connection with an offering of $500 million of add-on notes issued by Prime Security Services Borrower, LLC and Prime Finance Inc. The add-on is for the company’s 5¾% first priority senior secured notes due 2026 issued on April 4.
The company is also amending its term loan for additional borrowings to extend the maturity date.
ADT is a Boca Raton, Fla.-based provider of home security systems and services.
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