ADT Inc. Files 8-K for Material Definitive Agreement
Ticker: ADT · Form: 8-K · Filed: 2024-05-24T00:00:00.000Z
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, sec-filing
Related Tickers: ADT
TL;DR
ADT Inc. just signed a big deal, filing an 8-K for a material definitive agreement.
AI Summary
ADT Inc. entered into a material definitive agreement on May 24, 2024, related to a financial obligation. The filing also includes financial statements and exhibits, indicating a significant financial event for the company.
Why It Matters
This filing signals a significant financial transaction or commitment by ADT Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Players & Entities
- ADT Inc. (company) — Registrant
- May 24, 2024 (date) — Date of Report
FAQ
What is the nature of the material definitive agreement ADT Inc. entered into?
The filing indicates the entry into a material definitive agreement and a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this summary.
When was this material definitive agreement reported?
The agreement was reported on May 24, 2024.
What is ADT Inc.'s state of incorporation?
ADT Inc. is incorporated in Delaware.
What is ADT Inc.'s IRS Employer Identification Number?
ADT Inc.'s IRS Employer Identification Number is 47-4116383.
What are the main items reported in this 8-K filing?
This 8-K filing reports the entry into a material definitive agreement, the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, and includes financial statements and exhibits.
Filing Stats: 1,013 words · 4 min read · ~3 pages · Grade level 13.5 · Accepted 2024-05-24 08:29:20
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share ADT New York Stock Exchan
- $474,299,679.45 — ement Amendment, the Borrowers incurred $474,299,679.45 aggregate principal amount of increment
- $1,989,062,500 — ated by the Credit Agreement Amendment, $1,989,062,500 aggregate principal amount of first lie
Filing Documents
- eh240486443_8k.htm (8-K) — 31KB
- eh240486443_ex1001.htm (EX-10.1) — 1318KB
- 0000950142-24-001403.txt ( ) — 1820KB
- adt-20240524.xsd (EX-101.SCH) — 3KB
- adt-20240524_lab.xml (EX-101.LAB) — 33KB
- adt-20240524_pre.xml (EX-101.PRE) — 22KB
- eh240486443_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 24, 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. 16 (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 Fifteenth 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, April 15, 2024 and May 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 incurred $474,299,679.45 aggregate principal amount of incremental first lien senior secured term B-1 loans pursuant to the Existing Credit Agreement (the " May 2024 Incremental Term B-1 Loans "), the proceeds of which were used to refinance in full the $474,299,679.45 aggr
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 10.1 Incremental Assumption and Amendment Agreement No. 16, dated as of May 24, 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: May 24, 2024 ADT Inc. By: /s/ Jeffrey Likosar Jeffrey Likosar President, Corporate Development and Transformation, and Chief Financial Officer