ADT Inc. Enters Material Definitive Agreement

TL;DR

ADT just signed a big new deal, likely involving debt or a financial commitment.

AI Summary

On April 15, 2024, ADT Inc. entered into a material definitive agreement related to a direct financial obligation. The filing does not specify the counterparty or the exact nature of the obligation, but it is a significant event requiring disclosure.

Why It Matters

This filing indicates ADT Inc. has entered into a new financial obligation, which could impact its balance sheet and future financial flexibility.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce financial risk if not managed properly.

Key Players & Entities

• ADT Inc. (company) — Registrant
• April 15, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share ADT New York Stock Exchan
• $1,371.6 million — Prime Borrower refinanced its existing $1,371.6 million first lien senior secured term B-1 faci

Filing Documents

• eh240469594_8k.htm (8-K) — 31KB
• eh240469594_ex1001.htm (EX-10.1) — 1341KB
• 0000950142-24-001051.txt ( ) — 1845KB
• adt-20240415.xsd (EX-101.SCH) — 3KB
• adt-20240415_lab.xml (EX-101.LAB) — 33KB
• adt-20240415_pre.xml (EX-101.PRE) — 22KB
• eh240469594_8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement Credit Agreement Amendment On April 15, 2024 (the " Closing Date "), Prime Security Services Borrower, LLC, a Delaware limited liability company (" Prime Borrower "), Prime Security Services Holdings, LLC, a Delaware limited liability company (" Holdings "), and The ADT Security Corporation, a Delaware corporation (" ADTSC " and together with Prime Borrower, the " Borrowers "), each a direct or indirect wholly owned subsidiary of ADT Inc. (" ADT ," the " Company ," " we " and " our "), entered into that certain Incremental Assumption and Amendment Agreement No. 14 (the " Credit Agreement Amendment "), by and among Prime Borrower, as borrower, Holdings, ADTSC, as co-borrower, the subsidiary loan parties party thereto, the lenders party thereto and Barclays Bank PLC, as administrative agent (the " Administrative Agent "), which amends and restates that certain Thirteenth Amended and Restated First Lien Credit Agreement, dated as of July 1, 2015, as amended and restated on May 2, 2016, June 23, 2016, December 28, 2016, February 13, 2017, June 29, 2017, March 16, 2018, December 3, 2018, March 15, 2019 (effective April 4, 2019), September 23, 2019, January 27, 2021, July 2, 2021, May 10, 2023 (effective July 1, 2023) and October 13, 2023 (the " Existing Credit Agreement "), by and among Prime Borrower, as borrower, Holdings, ADTSC, as co-borrower, the lenders party thereto, the Administrative Agent and the other parties named therein (as amended and restated by the Credit Agreement Amendment, the " Amended and Restated Credit Agreement "). On the Closing Date, pursuant to the Credit Agreement Amendment, Prime Borrower refinanced its existing $1,371.6 million first lien senior secured term B-1 facility with a repriced $1,371.6 million first lien senior secured term B-1 facility (the " Repricing Transaction " and such repriced term loans, the " Repriced Term Loans "). The Repriced Term Loans require scheduled quart

03 by reference

Item 2.03 by reference. -1-

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 10.1 Incremental Assumption and Amendment Agreement No. 14, dated as of April 15, 2024, by and among Prime Security Services Holdings, LLC, Prime Security Services Borrower, LLC, The ADT Security Corporation, the subsidiary loan parties party thereto, the lenders party thereto and Barclays Bank PLC, as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 15, 2024 ADT Inc. By: /s/ Jeffrey Likosar Jeffrey Likosar President, Corporate Development and Chief Transformation Officer and Interim Chief Financial Officer