ADT subsidiary extends revolver maturity to 2029, adds $225M in commitments

ADT Inc.

Amended first lien revolver: total commitments increased to $800M ($575M extended + $225M incremental).
Maturity extended to October 1, 2029 (springing maturity 91 days prior to certain long-term debt if >$350M outstanding).
Interest rates: Term SOFR +2.00% or Base Rate +1.00%, with step-downs based on net first lien leverage.
No amounts outstanding under the facility as of the October 1, 2024 closing date.
Subsidiary guarantors reaffirmed guarantees and security interests under the amended credit agreement.

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