ADT Inc. Enters Material Definitive Agreement

TL;DR

ADT just signed a big new financial deal, could be debt or something else.

AI Summary

On May 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 for the company's financial structure.

Why It Matters

This filing indicates a new financial commitment or obligation for ADT Inc., which could impact its balance sheet and future financial flexibility.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce new risks related to repayment, interest rates, and covenants.

Key Players & Entities

• ADT Inc. (company) — Registrant
• May 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
• $143,200,320.55 — orrowers purchased by way of assignment $143,200,320.55 aggregate principal amount of first lie
• $474,299,679.45 — ated by the Credit Agreement Amendment, $474,299,679.45 aggregate principal amount of first lie
• $1,514,762,820.55 — ding under the TLA Credit Agreement and $1,514,762,820.55 aggregate principal amount of first lie

Filing Documents

• eh240482445_8k.htm (8-K) — 31KB
• eh240482445_ex1001.htm (EX-10.1) — 1377KB
• 0000950142-24-001360.txt ( ) — 1882KB
• adt-20240515.xsd (EX-101.SCH) — 3KB
• adt-20240515_lab.xml (EX-101.LAB) — 33KB
• adt-20240515_pre.xml (EX-101.PRE) — 22KB
• eh240482445_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 May 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. 15 (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, Barclays Bank PLC, as administrative agent under the Existing Credit Agreement (as defined below) (the " Administrative Agent "), and Barclays Bank PLC, as administrative agent under the TLA Credit Agreement (as defined below), which amends and restates that certain Fourteenth 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), October 13, 2023 and April 15, 2024 (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, the Borrowers purchased by way of assignment $143,200,320.55 aggregate principal amount of first lien senior secured term A loans outstanding under tha

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 10.1 Incremental Assumption and Amendment Agreement No. 15, dated as of May 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, Barclays Bank PLC, as administrative agent under the Existing Credit Agreement (as defined therein), and Barclays Bank PLC, as administrative agent under the TLA Credit Agreement (as defined therein). 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: May 15, 2024 ADT Inc. By: /s/ Jeffrey Likosar Jeffrey Likosar President, Corporate Development and Transformation, and Chief Financial Officer