---
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"
generated_at: "2026-06-12T02:18:29.834507+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ADT sells Commercial business to GTCR for $1.6B; proceeds to pay down debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-205548
- JSON: https://secwatch.observer/filing/0001193125-23-205548.json
- Plain text: https://secwatch.observer/filing/0001193125-23-205548.txt

## Key facts
- Material Agreements
  ADT Inc. entered into Purchase Agreement with Iris Buyer LLC valued at $1,612,500,000 in cash (effective 2023-08-07).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Iris Buyer LLC
  - Value: $1,612,500,000 in cash
  - Effective: 2023-08-07
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1703056/000119312523205548/0001193125-23-205548-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.