secwatch.observer — SEC 8-K summary
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Issuer:     ADT Inc. (ADT)
CIK:        0001703056
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0000950142-24-002489
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703056/000095014224002489/0000950142-24-002489-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703056/000095014224002489/eh240538080_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-002489

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