ADT readies launch of $3.55 billion first-lien term loan for Monday

By Sara Rosenberg

New York, June 9 – ADT Corp. is scheduled to hold a lender call at 1 p.m. ET on Monday to launch a $3,554,000,000 roughly five-year senior secured first-lien term loan, according to a market source.

Barclays is the lead bank on the deal.

Proceeds will be used to reprice an existing term loan B.

ADT is a security services company.

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