{"id":396660,"date":"2020-12-09T12:12:21","date_gmt":"2020-12-09T17:12:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396660"},"modified":"2020-12-09T12:12:21","modified_gmt":"2020-12-09T17:12:21","slug":"adt-inc-announces-repayment-of-300-million-aggregate-principal-amount-of-first-lien-term-loans-due-2026-and-termination-of-its-debt-tender-offers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/adt-inc-announces-repayment-of-300-million-aggregate-principal-amount-of-first-lien-term-loans-due-2026-and-termination-of-its-debt-tender-offers\/","title":{"rendered":"ADT Inc. Announces Repayment of $300 Million Aggregate Principal Amount of First Lien Term Loans due 2026 and Termination of its Debt Tender Offers"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">BOCA RATON, Fla., Dec.  09, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=niyoJjvwM_1hVJyhSiz5BWkg6Wq_j4d7umdsl7W0-HwBmttptZIKNRh1N83b45vkCkCN51wdm0hpnDhL_0waNw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ADT Inc.<\/a> (NYSE: ADT) (the \u201cCompany\u201d or \u201cADT\u201d), a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, today announced that Prime Security Services Borrower, LLC (the \u201cBorrower\u201d), Prime Finance Inc. and The ADT Security Corporation (collectively, the \u201cOfferors\u201d), wholly owned subsidiaries of ADT, terminated their previously announced tender offers (the \u201cOffers\u201d) to purchase up to $300 million aggregate principal amount of their outstanding 6.250% Second-Priority Senior Secured Notes due 2028 (the \u201c2028 Notes\u201d) and 4.875% First-Priority Senior Secured Notes due 2032 (the \u201c2032 Notes\u201d and together with the 2028 Notes, the \u201cNotes\u201d).<\/p>\n<p>The Offerors terminated the Offers in response to Moody\u2019s announcement that, while the Offers would have been credit positive overall, the Offer for the 2028 Notes was causing Moody\u2019s to consider downgrading ADT\u2019s first lien debt to B1, from Ba3, due to Moody\u2019s loss-given-default methodology.<\/p>\n<p>ADT today announced that it will repay $300 million aggregate principal amount of outstanding first lien term loans under the Borrower\u2019s existing credit agreement in December in lieu of completing the Offers.<\/p>\n<p>All Notes tendered pursuant to the Offers will not be purchased. All instructions in respect of tendered Notes will be deemed to be revoked automatically and all Notes previously tendered and not withdrawn will be promptly returned to their respective Holders.<\/p>\n<p>This press release constitutes a formal termination of the Offers, each of which was made pursuant to the terms and conditions set forth in the Offer to Purchase dated December 4, 2020. This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any securities.<\/p>\n<p>BNP Paribas Securities Corp. acted as dealer manager for the Offers. Questions regarding the termination of the Offers may be directed to BNP Paribas Securities Corp. at (212) 841-3059, (888) 210-4358 or e-mail at dl.us.liability.management@us.bnpparibas.com.<\/p>\n<p>\n        <strong>About ADT Inc. <\/strong><br \/>\n        <br \/>ADT is a leading provider of security, automation, and smart home solutions serving consumer and business customers through more than 300 locations, 9 owned and operated monitoring centers, and the largest network of security professionals in the United States. The company offers many ways to help protect customers by delivering lifestyle-driven solutions via professionally installed, do-it-yourself, mobile, and digital-based offerings for residential, small business, and larger commercial customers. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-3A6qne2pqbzpZRtpMWfcD2ZPMohULFDEfA5z40ju4v7QHeSYBWbDQlnHAcEMClBr17NeJo0bhNCrJP_u6OHOA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.adt.com<\/a> or follow us on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jwoMRZfT9TCuvYMegtLLrKFu0ZZ8_EE4161_iheZ8MlQYNYuxBMMQX0E2ML6PHXGT8M1HgoU2zNW0kLRP2VBuw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cSyVIX0sEEGv00eHyw4xAfe-ndIHQ7TGe5xQtJ05exs9ZlYrx8Kejg6gIwYitkzrIf2IGpuMOVanCFkfEmBYPR2Mr_yVy9UC_sZVqI1gDOs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zPRx2J6mWbjWf3c2YhMjB5vPkghJj_O9fdOS8URlZlTDDIk7n10dSTG4JvkLMdgLotlJOuRMh2BLjnqeaUXu9A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a>, and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cPfb-nkkyJ2BDvlUAPGDAqcpKdiYMDXyZCP1W-ESKYDvr9Z0dlaKxVLzKfBK9GgsyOFtFg3n3-5h5121-DADcBaxD4JXd5tKABRVLSCbeiQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Instagram<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release, and other reports, filings, and other public written and verbal announcements contain certain information that may constitute \u201cforward-looking statements\u201d and therefore are subject to risks and uncertainties. All statements contained in this press release that are not clearly historical in nature, including statements regarding anticipated financial performance, management\u2019s plans and objectives for future operations, business prospects, outcome of regulatory proceedings, market conditions, our ability to successfully respond to the challenges posed by the COVID-19 pandemic, our strategic partnership and ongoing relationship with Google LLC (\u201cGoogle\u201d), the expected timing of product commercialization with Google or any changes thereto, the successful internal development, commercialization and timing of our next generation platform and other matters are forward-looking. Any time we use the words \u201cexpects,\u201d \u201cintends,\u201d \u201cwill,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cconfident,\u201d \u201ccontinue,\u201d \u201cpropose,\u201d \u201cseeks,\u201d \u201ccould,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cestimates,\u201d \u201cforecasts,\u201d \u201cmight,\u201d \u201cgoals,\u201d \u201cobjectives,\u201d \u201ctargets,\u201d \u201cplanned,\u201d \u201cprojects,\u201d and similar expressions, we intend to clearly express that the information deals with possible future events and is forward-looking in nature. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking.\u00a0 Forward-looking information involves risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such statements, including without limitation, the risks and uncertainties disclosed or referenced in ADT\u2019s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission, including the sections entitled \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d contained therein. Therefore, caution should be taken not to place undue reliance on any such forward-looking statements. Much of the information in this press release that looks toward future performance of the Company is based on various factors and important assumptions about future events that may or may not actually occur. We assume no obligation (and specifically disclaim any such obligation) to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.<\/p>\n<p>\n        <strong>ADT Investor Relations:<\/strong><br \/>\n        <br \/>Derek Fiebig<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3HcaZuiWmABkSwunyyTp-yk9h35H1ox7xiSSa-W9Hlqa90EH439AiKpp4H6mwWzobUIq-rlYKZbBC36bwm8uDqPMRatQX9YHjwgz7dzYADY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">derekfiebig@adt.com<\/a><\/p>\n<p>\n        <strong>ADT Media<\/strong><br \/>\n        <br \/>Paul Wiseman <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XNB6kLw2m5qyVj7tCiDVvrGjFQrXpQK0pkC58cWdlvYylAi0BsqYnMLPK3h9ZO-rKVevx0EpAzrPa4D0I6og5WJM8FdIMPvSzG-4sqZLQ24=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">paulwiseman@adt.com<\/a>\u00a0\u00a0<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTYyMSMzODY0MDA2IzIwMDY0Nzg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/15a9403e-42a9-48b6-b344-73355b89293c\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOCA RATON, Fla., Dec. 09, 2020 (GLOBE NEWSWIRE) &#8212; ADT Inc. (NYSE: ADT) (the \u201cCompany\u201d or \u201cADT\u201d), a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, today announced that Prime Security Services Borrower, LLC (the \u201cBorrower\u201d), Prime Finance Inc. and The ADT Security Corporation (collectively, the \u201cOfferors\u201d), wholly owned subsidiaries of ADT, terminated their previously announced tender offers (the \u201cOffers\u201d) to purchase up to $300 million aggregate principal amount of their outstanding 6.250% Second-Priority Senior Secured Notes due 2028 (the \u201c2028 Notes\u201d) and 4.875% First-Priority Senior Secured Notes due 2032 (the \u201c2032 Notes\u201d and together with the 2028 Notes, the \u201cNotes\u201d). The Offerors terminated the Offers in response to Moody\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/adt-inc-announces-repayment-of-300-million-aggregate-principal-amount-of-first-lien-term-loans-due-2026-and-termination-of-its-debt-tender-offers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ADT Inc. Announces Repayment of $300 Million Aggregate Principal Amount of First Lien Term Loans due 2026 and Termination of its Debt Tender Offers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-396660","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADT Inc. Announces Repayment of $300 Million Aggregate Principal Amount of First Lien Term Loans due 2026 and Termination of its Debt Tender Offers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/adt-inc-announces-repayment-of-300-million-aggregate-principal-amount-of-first-lien-term-loans-due-2026-and-termination-of-its-debt-tender-offers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADT Inc. Announces Repayment of $300 Million Aggregate Principal Amount of First Lien Term Loans due 2026 and Termination of its Debt Tender Offers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOCA RATON, Fla., Dec. 09, 2020 (GLOBE NEWSWIRE) &#8212; ADT Inc. (NYSE: ADT) (the \u201cCompany\u201d or \u201cADT\u201d), a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, today announced that Prime Security Services Borrower, LLC (the \u201cBorrower\u201d), Prime Finance Inc. and The ADT Security Corporation (collectively, the \u201cOfferors\u201d), wholly owned subsidiaries of ADT, terminated their previously announced tender offers (the \u201cOffers\u201d) to purchase up to $300 million aggregate principal amount of their outstanding 6.250% Second-Priority Senior Secured Notes due 2028 (the \u201c2028 Notes\u201d) and 4.875% First-Priority Senior Secured Notes due 2032 (the \u201c2032 Notes\u201d and together with the 2028 Notes, the \u201cNotes\u201d). The Offerors terminated the Offers in response to Moody\u2019s &hellip; Continue reading &quot;ADT Inc. 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Announces Repayment of $300 Million Aggregate Principal Amount of First Lien Term Loans due 2026 and Termination of its Debt Tender Offers\",\"datePublished\":\"2020-12-09T17:12:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/adt-inc-announces-repayment-of-300-million-aggregate-principal-amount-of-first-lien-term-loans-due-2026-and-termination-of-its-debt-tender-offers\\\/\"},\"wordCount\":793,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/adt-inc-announces-repayment-of-300-million-aggregate-principal-amount-of-first-lien-term-loans-due-2026-and-termination-of-its-debt-tender-offers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5OTYyMSMzODY0MDA2IzIwMDY0Nzg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/adt-inc-announces-repayment-of-300-million-aggregate-principal-amount-of-first-lien-term-loans-due-2026-and-termination-of-its-debt-tender-offers\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/adt-inc-announces-repayment-of-300-million-aggregate-principal-amount-of-first-lien-term-loans-due-2026-and-termination-of-its-debt-tender-offers\\\/\",\"name\":\"ADT Inc. 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(NYSE: ADT) (the \u201cCompany\u201d or \u201cADT\u201d), a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, today announced that Prime Security Services Borrower, LLC (the \u201cBorrower\u201d), Prime Finance Inc. and The ADT Security Corporation (collectively, the \u201cOfferors\u201d), wholly owned subsidiaries of ADT, terminated their previously announced tender offers (the \u201cOffers\u201d) to purchase up to $300 million aggregate principal amount of their outstanding 6.250% Second-Priority Senior Secured Notes due 2028 (the \u201c2028 Notes\u201d) and 4.875% First-Priority Senior Secured Notes due 2032 (the \u201c2032 Notes\u201d and together with the 2028 Notes, the \u201cNotes\u201d). The Offerors terminated the Offers in response to Moody\u2019s &hellip; Continue reading \"ADT Inc. Announces Repayment of $300 Million Aggregate Principal Amount of First Lien Term Loans due 2026 and Termination of its Debt Tender Offers\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/adt-inc-announces-repayment-of-300-million-aggregate-principal-amount-of-first-lien-term-loans-due-2026-and-termination-of-its-debt-tender-offers\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-09T17:12:21+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTYyMSMzODY0MDA2IzIwMDY0Nzg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/adt-inc-announces-repayment-of-300-million-aggregate-principal-amount-of-first-lien-term-loans-due-2026-and-termination-of-its-debt-tender-offers\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/adt-inc-announces-repayment-of-300-million-aggregate-principal-amount-of-first-lien-term-loans-due-2026-and-termination-of-its-debt-tender-offers\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ADT Inc. 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