{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-205548","form_type":"8-K","ticker":"ADT","cik":"0001703056","company_name":"ADT Inc.","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.913094+00:00","generated_at":"2026-06-12T02:18:29.834507+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"ADT sells Commercial business to GTCR for $1.6B; proceeds to pay down debt","bullets":["Cash purchase price $1.6125B; expected net proceeds ~$1.5B after tax and adjustments.","Deal at ~11.2x Commercial Adjusted EBITDA; cash interest savings offset divested EBITDA.","ADT plans to reduce debt by ~$1.5B, lowering net leverage from 3.7x to 3.3x.","Transaction expected to close in Q4 2023, subject to regulatory approvals and customary conditions.","Quarterly dividend unchanged; ADT reaffirms capital allocation priorities."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-205548","json":"https://secwatch.observer/filing/0001193125-23-205548.json","markdown":"https://secwatch.observer/filing/0001193125-23-205548.md","text":"https://secwatch.observer/filing/0001193125-23-205548.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1703056/000119312523205548/0001193125-23-205548-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1703056/000119312523205548/d531854d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T02:18:29.834507+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7069a223c725f0d0fe4580d4dc8a9548cfe4bc4a","claim":"ADT Inc. entered into Purchase Agreement with Iris Buyer LLC valued at $1,612,500,000 in cash (effective 2023-08-07).","evidence_excerpt":"On August 7, 2023, ADT Inc., a Delaware corporation (“ ADT ”), Iris Buyer LLC, a Delaware limited liability company (“ Purchaser ”), and, solely for certain purposes set forth in the Purchase Agreement (as defined below), Fire & Security Holdings, LLC, a Delaware limited liability company, entered into an Equity Purchase Agreement (the “ Purchase Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1703056/000119312523205548/0001193125-23-205548-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Iris Buyer LLC"},{"label":"Value","value":"$1,612,500,000 in cash"},{"label":"Effective","value":"2023-08-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}