debt
confidence high
sentiment positive
materiality 0.55
ADT prices $1.0B 5.875% senior secured notes due 2033 to refinance $1.3B 6.250% notes due 2028
ADT Inc.
- The ADT Security Corporation priced $1.0 billion of 5.875% first-priority senior secured notes due 2033.
- Proceeds, plus incremental term loans and cash, will redeem all $1.3 billion of 6.250% Second-Priority Notes due 2028.
- Offering expected to close October 15, 2025, subject to customary conditions.
- New notes are secured first-priority; refinancing extends maturity from 2028 to 2033 and lowers coupon from 6.250% to 5.875%.
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