ADT Inc. (ADT): debt financing — ADT subsidiary issues $600M term B-2 loans, redeems $500M of 2026 notes

ADT Inc.

$600M incremental term B-2 loans at SOFR+1.75% (or base+0.75%), maturity March 7, 2032.
Proceeds used to redeem $500M of 5.750% senior secured notes due 2026 at $1,012.14/$1,000 plus accrued interest.
After partial redemption, $850M of the 2026 notes remain outstanding.
Quarterly amortization at 0.25% of original principal starting June 30, 2025.
Prepayment premium of 1% applies for refinancing within first six months.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ADT Inc. incurred term loan of $600,000,000 with Barclays Bank PLC, as administrative agent at Term SOFR plus 1.75% per annum maturing March 7, 2032.

Instrument: term loan
Principal: $600,000,000
Counterparty: Barclays Bank PLC, as administrative agent
Rate: Term SOFR plus 1.75% per annum
Maturity: March 7, 2032
Event: incurrence

Exact text from the filing

On the Closing Date, pursuant to the Credit Agreement Amendment, the Borrowers incurred $600,000,000 aggregate principal amount of incremental first lien senior secured term B-2 loans pursuant to the Existing Credit Agreement

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Source: SEC EDGAR

accession 0000950142-25-000708

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