debt
confidence high
sentiment neutral
materiality 0.50
ADT extends receivables financing facility to March 2026; amends advance rates and hedge rates
ADT Inc.
- Seventh Amendment extends termination date of Receivables Financing Agreement from March 27, 2025 to March 27, 2026.
- Amendment modifies advance rates, hedge rates, and other rates in connection with the extension.
- ADT Inc. reaffirmed its Performance Support Agreement as part of the amendment.
- Parties include ADT Finance LLC, ADT LLC, Mizuho, MUFG, BNP Paribas, and Starbird Funding.
- New control agreement required within 28 days for collection and payment accounts at J.P. Morgan.