ADT expects to price $1 billion eight-year bullet notes on Tuesday

By Paul A. Harris

Portland, Ore., Sept. 23 - ADT Corp. plans to price $1 billion of non-callable eight-year senior notes (expected ratings Ba2/BB-) on Tuesday, according to a market source.

Goldman Sachs & Co., Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. are the joint bookrunners for the Rule 144A and Regulation S notes offering.

The Boca Raton, Fla.-based provider of security services for homes and businesses plans to use the proceeds to repay revolver debt, to repurchase outstanding common stock and for general corporate purposes, including acquisitions.

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