ADT extends maturity, adds $175 million of commitments to revolver

By Rebecca Melvin

Concord, N.H., July 6 – ADT Inc. amended an existing $400 million first lien revolving credit facility on July 2 to extend the maturity to June 23, 2026, and obtain an additional $175 million of commitments, according to an 8-K filing with the Securities and Exchange Commission.

The facility now stands at $575 million and there are no amounts outstanding.

Subsidiary Prime Security Services Borrower, LLC is borrower under the credit agreement, and the extension is subject to the repayment, extension, or refinancing with longer maturity debt of certain of Prime Borrower’s other indebtedness.

Prime Security Services Holdings, LLC, the ADT Security Corp., certain of Prime Borrower’s subsidiaries, the lenders and issuing banks and Barclays Bank PLC, as administrative agent, also entered into the agreement, which was unchanged in regard to its other terms.

ADT is a Boca Raton, Fla., security services company.

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