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ADT plans to discuss loan amendment with lenders on Tuesday
By Sara Rosenberg
New York, March 11 – ADT Inc. (Prime Security Services Borrower LLC) will hold a meeting with lenders on Tuesday regarding an amendment to its first-lien credit agreement, according to an 8-K filed with the Securities and Exchange Commission.
The amendment would provide flexibility in connection with refinancing alternatives, with the goal being to reduce interest expense and extend maturities, especially associated with the company’s 9¼% second-priority senior secured notes, a news release added.
Barclays is the administrative agent on the first-lien debt.
ADT is a Boca Raton, Fla.-based security services company.
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