ADT Announces Closing of Second-Priority Senior Secured Notes
The gross proceeds from the Offering were
The Notes were offered only to persons reasonably believed to be qualified institutional buyers in
In addition, the Issuers delivered a Final Notice of Redemption today with respect to their outstanding Prime Notes to announce the satisfaction of the previously announced financing condition. The Final Redemption Notice was issued pursuant to the terms of the Indenture, dated as of
Satisfaction and Discharge
In connection with the Offering and the Redemption, the Issuers irrevocably deposited funds with the Trustee to satisfy and discharge all of the Issuers’ remaining obligations under the indenture governing the Prime Notes. In accordance with the terms of the indenture governing the Prime Notes, the Trustee acknowledged the satisfaction and discharge of the obligations with respect to the Prime Notes and, upon such satisfaction and discharge, the indenture governing the Prime Notes is generally no longer in effect.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
ADT is a leading provider of security, automation, and smart home solutions serving consumer and business customers through more than 200 locations, 9 monitoring centers, and the largest network of security professionals in
ADT has made statements in this press release and other reports, filings, and other public written and verbal announcements that are forward-looking and therefore subject to risks and uncertainties. All statements, other than statements of historical fact, included in this document are, or could be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. These forward-looking statements relate to anticipated financial performance, management’s plans and objectives for future operations, business prospects, outcome of regulatory proceedings, market conditions and other matters. Any forward-looking statement made in this press release speaks only as of the date on which it is made. ADT undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. Forward-looking statements can be identified by various words such as “expects,” “intends,” “will,” “anticipates,” “believes,” “confident,” “continue,” “propose,” “seeks,” “could,” “may,” “should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,” “targets,” “planned,” “projects,” and similar expressions. These forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to management. ADT cautions that these statements are subject to risks and uncertainties, many of which are outside of ADT’s control, and could cause future events or results to be materially different from those stated or implied in this document, including among others, risk factors that are described in the Company’s Annual Report on Form 10-K and other filings with the
Source: ADT Inc.