debt
confidence high
sentiment neutral
materiality 0.55
ADT refinances $474M Term A loans with new Term B-1 loans under amended credit agreement
ADT Inc.
- Incurred $474.3M incremental senior secured term B-1 loans to refinance existing term A loans in full.
- Term A loan facility terminated; total term B-1 loans outstanding now ~$1.989B.
- New term B-1 loans have same terms as existing term B-1 loans and constitute same class.
- Credit agreement amended and restated to reflect the incremental loans.