ADT Korea plans new debt financing for purchase by Carlyle Group

By Sara Rosenberg

New York, March 3 - ADT Korea has received a commitment for new debt financing to help fund its buyout by the Carlyle Group for about $1.93 billion, according to a news release.

Korea Exchange Bank, Kookmin Bank, Industrial Bank of Korea, Korea Investment & Securities and UBS AG are the lead banks on the financing.

Other funds for the transaction will come from equity.

Closing is expected in the second quarter, subject to customary conditions, including required regulatory approval.

ADT Korea is a Seoul, Korea-based provider of advanced security solutions.

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