ADT completes secondary offering of 65M shares by Apollo affiliates; repurchases 15M shares

ADT Inc.

Apollo-managed entities sold 65M shares (plus up to 9.75M overallotment) of ADT common stock.
ADT repurchased 15M shares from the underwriters as part of the offering at no underwriting fees.
Company received no proceeds from the selling stockholders' sale; repurchase uses existing $350M authorization.
Offering and share repurchase closed on March 11, 2024; underwriting agreement with Morgan Stanley and Barclays.

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