Loan & DebtAug 31, 2026, 04:30 PM
ADT Inc. Subsidiary Incurs $100M in New Term Loans
AI Summary
ADT Inc. announced that its subsidiary, Prime Security Services Borrower, LLC, has entered into an amendment to its Term Loan Credit Agreement, adding $100 million in incremental first lien senior secured term A loans. These new loans share the same terms as the existing ones, bringing the total outstanding first lien senior secured term A loans to $520,312,500. The funds will be utilized for general corporate purposes.
Key Highlights
- ADT Inc. subsidiary Prime Security Services Borrower, LLC incurred $100 million in incremental first lien senior secured term A loans.
- The new loans have the same terms as existing term A loans under the Amended Term Loan Credit Agreement.
- Total outstanding first lien senior secured term A loans now amount to $520,312,500.
- Proceeds from the new loans are designated for general corporate purposes.
Price Impact
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