secwatch.observer — SEC 8-K summary
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Issuer:     ADT Inc. (ADT)
CIK:        0001703056
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0001703056-23-000168
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADT completes $1.6B sale of commercial business to GTCR; uses proceeds to cut debt
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- Closed commercial security, fire, and life safety divestiture to GTCR for gross cash of $1.6125B.
- Net proceeds of ~$1.5B will redeem First Lien Term Loan due 2026 and First Lien Notes due 2024.
- Commercial business classified as discontinued operations beginning Q3 2023.
- EVP Commercial Daniel M. Bresingham resigned upon closing on October 2, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703056/000170305623000168/0001703056-23-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703056/000170305623000168/adt-20231002.htm
  HTML page:      https://secwatch.observer/filing/0001703056-23-000168

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