ADT increases receivables facility to $500M and extends term to March 2024

ADT Inc.

Uncommitted secured lending facility raised from $400M to $500M.
Facility term extended from May 22, 2023 to March 27, 2024.
ADT Inc. reaffirmed its Performance Support Agreement in connection with the amendment.
Amendment also modifies collateral tests, advance rates, and related provisions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ADT Inc. entered into Performance Support Agreement (reaffirmation) with ADT Inc. valued at ADT Inc. reaffirmed its existing Performance Support Agreement in connection with the amendment (effective 2023-03-29).

Action: entry
Agreement: credit facility
Counterparty: ADT Inc.
Value: ADT Inc. reaffirmed its existing Performance Support Agreement in connection with the amendment
Effective: 2023-03-29

Exact text from the filing

In addition, in connection with the effectiveness of the Amendment to Receivables Financing Agreement, ADT Inc. was required to reaffirm its existing Performance Support Agreement in the form included as Annex A to the Amendment to Receivables Financing Agreement (the “ Performance Support Agreement ”).

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ADT Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-039217

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