ADT Inc.
8.59-0.12 (-1.38%)
Oct 29, 4:00:02 PM EDT · NYSE · ADT · USD
Key Stats
Market Cap
7.04BP/E (TTM)
12.10Basic EPS (TTM)
0.71Dividend Yield
0.03%Recent Filings
8-K
This is a credit agreement for a term loan facility. Key terms include:
- **Parties**: Holdings, Borrower, ADTSC as co-borrowers, Fifth Third Bank as agent.
- **Facility**: $325M Term A Loans, SOFR-based interest with applicable margins.
- **Maturity**: October 28, 2030, with potential earlier dates tied to other debts.
- **Use of Proceeds**: General corporate purposes, including acquisitions and investments.
- **Covenants**: Financial maintenance (Net First Lien Leverage Ratio ≤4.25x), negative covenants on indebtedness, liens, investments, etc.
- **Events of Default**: Standard triggers like payment defaults, covenant breaches.
- **Governing Law**: New York.
The document outlines loan terms, security, and conditions for the term loan facility.
The filing is a Term Loan Credit Agreement dated October 28, 2025, among Prime Security Services Holdings, LLC (Holdings), Prime Security Services Borrower, LLC (Borrower), The ADT Security Corporation (ADTSC), Lenders, and Fifth Third Bank, National Association as Administrative Agent. It establishes a $325 million Term A Loan facility with a maturity date of October 28, 2030, subject to earlier maturity triggers based on other debt maturities. The agreement includes standard provisions for representations, covenants, events of default, and administrative details.
8-K
ADT refinances $1.3B debt
ADT Inc. completed a $1.0 billion offering of 5.875% first-priority senior secured notes due 2033 on October 15, 2025, using proceeds alongside incremental term loans and cash to redeem $1.3 billion of higher-rate 6.250% second-priority notes due 2028. This refinancing lowers interest costs while extending maturities, secured by first-priority liens on key assets. Covenants restrict liens and mergers. Redemption at par kicks in after October 15, 2032.
8-K
ADT launches debt refinancing
ADT Inc. announced on September 25, 2025, plans to market a $300 million incremental first lien senior secured term B-2 loan facility maturing in 2032, plus potential $1.0 billion additional first lien debt, to redeem all $1.3 billion of its 6.250% second-priority senior secured notes due 2028 at 100% of principal plus accrued interest on October 25, 2025. This refinancing extends debt maturities while shifting to first lien structure. The deal hinges on successful marketing. Risks include failure to close amid market conditions.
8-K
ADT sells multifamily assets
ADT LLC, a subsidiary of ADT Inc., signed an asset purchase agreement on September 12, 2025, to sell its multifamily business assets—covering about 200,000 customer units and $2.6 million in monthly recurring revenue—to Everon LLC for roughly $55 million in cash. The deal, expected to close by end of Q3 2025, includes transition services and a non-compete through October 2028. This sharpens ADT's focus on core operations. Sale proceeds could bolster the balance sheet.
8-K
ADT Inc. announces a strategic amendment to its credit agreement, enabling the incurrence of $550 million in incremental term B-2 loans. This move facilitates the redemption of a portion of the company's 2026 First Lien Notes, optimizing debt maturity and enhancing overall financial stability.
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