secwatch.observer — SEC 8-K summary
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Issuer:     ADT Inc. (ADT)
CIK:        0001703056
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0000950142-23-002596
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADT refinances $1.3914B term B-1 facility; new $1.375B facility matures 2030
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- Repriced $1.375B first-lien term B-1 facility with extended maturity to Oct 13, 2030 (from Sep 23, 2026).
- Quarterly amortization 0.25% of original principal; interest at Term SOFR +2.50% or Base Rate +1.50%.
- ADT Security Corporation added as co-borrower; 1.00% prepayment premium on certain refinancings within 6 months.
- Proceeds used to prepay existing $1.3914B term B-1 loans; no change to other credit terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703056/000095014223002596/0000950142-23-002596-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703056/000095014223002596/eh230410606_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-002596

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