ADT Announces $1.0 Billion Notes Offering
ADT Inc. (NYSE: ADT) has announced that its subsidiary, The ADT Security Corporation, plans to issue $1.0 billion in first-priority senior secured notes due 2033. The company will combine these proceeds with an additional $300 million in incremental first lien senior secured term loans and cash on hand to redeem all outstanding $1.3 billion of 6.250% Second-Priority Senior Secured Notes due 2028.
The Notes offering will be restricted to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S, with the securities being exempt from registration requirements under the Securities Act of 1933.
ADT Inc. (NYSE: ADT) ha annunciato che la sua controllata, The ADT Security Corporation, intende emettere note garantite senior di primo rango per 1,0 miliardo di dollari con scadenza nel 2033. L’azienda farà confluire questi proventi con ulteriori 300 milioni di dollari in mutui a termine garantiti di primo rango e la liquidità disponibile per rimborsare tutte le attuali 1,3 miliardi di dollari di Note senior garantite di secondo rango a tasso 6,250% con scadenza 2028.
La collocazione delle Notes sarà riservata a acquirenti istituzionali qualificati ai sensi della Rule 144A e a investitori non statunitensi ai sensi del Regolamento S, con i titoli esenti da registrazione ai sensi del Securities Act del 1933.
ADT Inc. (NYSE: ADT) ha anunciado que su subsidiaria, The ADT Security Corporation, tiene planes de emitir bonos senior garantizados de primer rango por 1.0 mil millones de dólares con vencimiento en 2033. La empresa combinará estos ingresos con otros 300 millones de dólares en préstamos a término garantizados de primer gravamen y efectivo disponible para redimir todos los 1.3 mil millones de dólares de Notas Senior Garantizadas de Segundo Grado con vencimiento en 2028 al 6.250%.
La oferta de Notas estará restringida a compradores institucionales calificados bajo la Regla 144A y a inversores no estadounidenses bajo el Reglamento S, con los valores exentos de registro conforme a la Securities Act de 1933.
ADT Inc. (NYSE: ADT)가 자회사인 The ADT Security Corporation이 2033년 만기 10억 달러의 1순위 담보채 발행을 계획했다고 발표했습니다. 회사는 이 자금을 추가로 1순위 담보계약형 대출 3억 달러과 보유 현금을 결합해 만기 2028년의 6.250% 2순위 담보채 13억 달러를 상환할 예정입니다.
채권 발행은 규칙 144A에 따른 자격 있는 기관 투자자 및 Reg. S에 따른 비미국 투자자들에게 제한되며, 1933년 증권법에 따라 등록 요건에서 면제됩니다.
ADT Inc. (NYSE: ADT) a annoncé que sa filiale, The ADT Security Corporation, prévoit d’émettre des obligations garanties senior de premier rang d’un montant de 1,0 milliard de dollars, échéance 2033. La société regroupera ces produits avec 300 millions de dollars de prêts à terme garantis de premier rang supplémentaires et sa trésorerie disponible pour racheter l’ensemble des 1,3 milliard de dollars d’obligations garanties seniors de second rang échéant en 2028 au taux de 6,250 %.
L’offre d’obligations sera restreinte aux acheteurs institutionnels qualifiés conformément à la Rule 144A et aux investisseurs non américains selon le Regulation S, les titres étant exemptés de toute inscription en vertu du Securities Act de 1933.
ADT Inc. (NYSE: ADT) hat bekannt gegeben, dass seine Tochtergesellschaft The ADT Security Corporation plant, Senior Secured Notes erster Priorität in Höhe von 1,0 Milliarden USD mit Fälligkeit 2033 auszugeben. Das Unternehmen wird diese Erlöse mit zusätzlichen 300 Millionen USD an First-Lien-Senior-Secured-Term-Loans und liquiden Mitteln kombinieren, um alle ausstehenden 1,3 Milliarden USD 6,250% Second-Priority Senior Secured Notes mit Fälligkeit 2028 zurückzuzahlen.
Die Notenvergabe wird gemäß Rule 144A auf qualifizierte institutionelle Käufer und gemäß Regulation S auf Nicht-US-Investoren beschränkt sein, wobei die Wertpapiere gemäß dem Securities Act von 1933 von der Registrierung befreit sind.
ADT Inc. (NYSE: ADT) أعلنت أن شركتها الفرعية، The ADT Security Corporation، تعتزم إصدار سندات سلسلة أولى مضمونة بمقدار 1.0 مليار دولار مع استحقاق 2033. ستدمج الشركة هذه العائدات مع 300 مليون دولار إضافية من قروض مدتها مضمونة من الرهن الأول ونقدية متاحة لديها لسداد جميع 1.3 مليار دولار من سندات مضمونة من الدرجة الثانية بمعدل 6.250% وتستحق في 2028.
سيكون إصدار السندات مقيداً للمشترين المؤسسيين المؤهلين وفق Rule 144A وللمستثمرين غير الأمريكيين وفق Regulation S، مع إعفاء الأوراق المالية من متطلبات التسجيل بموجب قانون الأوراق المالية لعام 1933.
ADT Inc.（NYSE: ADT） 宣布其子公司 The ADT Security Corporation 計劃發行 面向2033年的首位抵押優先票據，金額10億美元。該公司將把這些籌集資金與另外的 3億美元一級抵押優先期限貸款以及手頭現金結合，用以贖回所有現有的 13億美元，票息6.250%，於2028年到期的二級優先抵押票據。
此次票據發行將根據 Rule 144A 限制合格機構買家，並根據 Regulation S 限制非美國投資者，證券依照美國1933年證券法豁免註冊要求。
- Refinancing of $1.3B in debt indicates strong market access
- Potential for improved debt structure through first-priority senior secured notes
- Strategic liability management to address 2028 maturities
- Increased debt load with new $1.0B notes offering
- Additional $300M in term loans adding to company leverage
Insights
ADT's debt refinancing replaces $1.3B of second-priority notes with first-priority secured debt, likely improving its capital structure.
ADT is undertaking a significant debt refinancing transaction that warrants investor attention. The company plans to issue
This refinancing represents a strategic upgrade in ADT's debt hierarchy. By replacing second-priority notes with first-priority secured debt, ADT is enhancing its debt profile with obligations that typically carry stronger collateral positioning. The extended maturity (from 2028 to 2033) provides ADT with greater financial flexibility by pushing out debt obligations by approximately 5 years.
While the interest rate on the new notes isn't specified, this transaction potentially allows ADT to capitalize on any favorable rate environment to reduce interest expenses. The redemption of higher-interest second-priority notes could lead to meaningful interest savings if the new notes carry a lower coupon, though this depends on current market conditions and ADT's credit profile.
The transaction demonstrates proactive liability management as ADT addresses intermediate-term debt maturities well ahead of schedule, reducing refinancing risk. The offering is limited to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S, standard practice for these types of debt offerings.
BOCA RATON, Fla., Sept. 30, 2025 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT) (the “Company” or “ADT”), today announced that its indirect wholly owned subsidiary, The ADT Security Corporation, is proposing to issue and sell
The Company intends to use the proceeds from the Offering, together with the proceeds from the incurrence of an additional
The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act, and in offshore transactions, only to non-U.S. investors pursuant to Regulation S. The Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.
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.
Nothing in this press release should be construed as a notice to redeem any Second-Priority Notes.
About ADT Inc.
ADT provides safe, smart and sustainable solutions for people, homes and small businesses. Through innovative offerings, unrivaled safety and a premium customer experience, all delivered by the largest networks of smart home security professionals in the U.S., we empower people to protect and connect to what matters most. For more information, visit www.adt.com.
| Investor Relations: | Media Relations: |
| investorrelations@adt.com | media@adt.com |
Forward-Looking Statements
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, including those described below. 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 the applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) and are made in reliance on the safe harbor protections provided thereunder. These forward-looking statements relate to, among other things, the Offering, the incurrence of incremental term loans and the expected use of proceeds of the Offering and the incremental term loans, including with respect to the Redemption; the expectations, plans and objectives of management; any stated or implied outcomes with regard to the foregoing; and other matters. Without limiting the generality of the preceding sentences, any time we use the words “ongoing,” “expects,” “intends,” “will,” “anticipates,” “believes,” “confident,” “continue,” “propose,” “seeks,” “could,” “may,” “should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,” “targets,” “planned,” “projects,” and, in each case, their negative or various or comparable terminology, 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. 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 press release, including among others, factors relating to risks and uncertainties regarding the benefits and any difficulties with respect to the effect of the Company’s divestiture of its commercial business and the Company’s exit from its residential solar business (the “ADT Solar Exit”), including that the costs of the ADT Solar Exit may exceed the Company’s best estimates; the Company’s ability to keep pace with rapid technological changes and other industry changes; the Company’s ability to maintain and grow the Company’s existing customer base and to integrate strategic bulk purchases of customer accounts; activity in repurchasing shares of ADT’s common stock under the Company’s current share repurchase plan; the Company’s expectations regarding its ability to effectively implement counter measures intended to safeguard the Company’s information technology assets and operations; the Company’s ongoing assessments of the impacts of cybersecurity incidents, including with respect to the Company’s relationships with customers, employees and regulators; the Company’s ability to coordinate effectively with its third party business partners to address any cybersecurity incidents; legal, reputational and financial risks resulting from any cybersecurity incidents; and that any future, or still undetected, cybersecurity related incident, whether an attack, disruption, intrusion, denial of service, theft or other breach could result in unauthorized access to, or disclosure of, data, resulting in claims, costs and reputational harm that could negatively affect actual results of operations or financial condition; the development, deployment, and use of artificial intelligence (“AI”) in our products and services, including technological and legal uncertainties surrounding AI technologies; any material changes to the valuation allowances the Company takes with respect to its deferred tax assets; any changes in regulations or laws, economic and financial conditions, including labor and tax law changes or any impacts on the global economy or consumer discretionary spending due to tariffs or otherwise, changes to privacy requirements, changes to telemarketing, email marketing and similar consumer protection laws, interest volatility, and trade tariffs and restrictions applicable to the products we sell; the Company’s ability to effectively implement its strategic partnerships with State Farm or Google, including, commercializing products or utilizing any of the amounts invested in the Company or provided by State Farm for research and development or other purposes; and risks that are described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the SEC, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. 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.
FAQ
What is the size of ADT's new notes offering in 2025?
How will ADT use the proceeds from its 2025 notes offering?
Who can participate in ADT's 2025 notes offering?
When do ADT's new secured notes mature?
What is the total refinancing amount in ADT's 2025 debt transaction?
