debt
confidence high
sentiment neutral
materiality 0.50
ADT subsidiary issues $1B 5.875% senior secured notes due 2033 to refinance debt
ADT Inc.
- Issued $1.0B aggregate principal of 5.875% first-priority senior secured notes due 2033.
- Proceeds will redeem all $1.3B outstanding 6.250% second-priority notes due 2028, plus fees.
- Notes mature October 15, 2033; interest paid semiannually starting January 15, 2026.
- Redemption prior to October 15, 2032 at treasury rate plus 50 bps; after at 100%.
- Guaranteed on senior secured first-priority basis by Prime Borrower and its subsidiaries.
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