secwatch.observer — SEC 8-K summary
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Issuer:     ADT Inc. (ADT)
CIK:        0001703056
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0000950142-24-001051
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADT reprices $1.37B term loan, reducing SOFR margin to 2.25% per annum with no other changes
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- Refinanced existing $1,371.6M term B-1 facility with repriced $1,371.6M facility at SOFR + 2.25% or base rate + 1.25%.
- Borrowers may voluntarily prepay at par, subject to 1% premium for certain refinancing events within six months.
- Amortization equal to 0.25% of original principal per quarter starting Sept 30, 2024; remaining due at maturity.
- Credit agreement amendment No. 14 executed April 15, 2024, effective same date, with existing terms unchanged otherwise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703056/000095014224001051/0000950142-24-001051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703056/000095014224001051/eh240469594_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-001051

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