ADT Inc. Enters New Credit Agreement

TL;DR

ADT just signed a new credit deal, likely meaning new debt. Check the details.

AI Summary

On October 1, 2024, ADT Inc. entered into a material definitive agreement, specifically a credit agreement. This agreement creates a direct financial obligation for the registrant, indicating new or modified debt arrangements. The filing also includes financial statements and exhibits related to this transaction.

Why It Matters

This filing signals a change in ADT's debt structure, which could impact its financial leverage and future investment capacity.

Risk Assessment

Risk Level: medium — Entering into new credit agreements can introduce financial obligations and potentially alter a company's risk profile.

Key Players & Entities

• ADT Inc. (company) — Registrant
• October 1, 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
• $575 million — ded the maturity date of their existing $575 million first lien revolving credit facility (a
• $350 million — of such indebtedness equals or exceeds $350 million), and obtained an additional $225 milli
• $225 million — 50 million), and obtained an additional $225 million of commitments under the Extended First
• $800 million — First Lien Revolving Credit Facility is $800 million and there are no amounts outstanding th

Filing Documents

• eh240538080_8k.htm (8-K) — 32KB
• eh240538080_ex1001.htm (EX-10.1) — 1386KB
• 0000950142-24-002489.txt ( ) — 1893KB
• adt-20241001.xsd (EX-101.SCH) — 3KB
• adt-20241001_lab.xml (EX-101.LAB) — 33KB
• adt-20241001_pre.xml (EX-101.PRE) — 22KB
• eh240538080_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 October 1, 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. 17 (the " Credit Agreement Amendment "), by and among Prime Borrower, as borrower, Holdings, ADTSC, as co-borrower, the subsidiary loan parties party thereto, the lenders and issuing banks party thereto and Barclays Bank PLC, as administrative agent (the " Administrative Agent "), which amends and restates that certain Sixteenth 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, May 15, 2024 and May 24, 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 extended the maturity date of their existing $575 million first lien revolving credit facility (as extended, the " Extended First Lien Revolving Credit Facility ") to October 1, 2029 ( subject to a springing maturity of 91 days prior to the

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 10.1 Incremental Assumption and Amendment Agreement No. 17, dated as of October 1, 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 and issuing banks 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: October 1, 2024 ADT Inc. By: /s/ Jeffrey Likosar Jeffrey Likosar President, Corporate Development and Transformation, and Chief Financial Officer