ADT to pay down revolving credit facility via senior notes offering

By Tali Rackner

Norfolk, Va., March 5 - ADT Corp. plans to use the proceeds from a senior notes offering to repay borrowings under its revolving credit facility, according to a 424B5 filing with the Securities and Exchange Commission.

As of Tuesday, borrowings under the revolver consisted of $200 million maturing on March 31, 2014 at an interest rate of 1.6045%. Borrowings under the facility were used for general corporate purposes, including share repurchases.

Proceeds will also be used to repurchase outstanding shares of the company's common stock and for general corporate purposes.

ADT is a Boca Raton, Fla.-based provider of security services for homes and businesses.

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