ADT Inc. Enters Material Agreement, Incurs Financial Obligation

TL;DR

ADT just signed a big deal and owes money, filing shows.

AI Summary

ADT Inc. entered into a material definitive agreement on December 4, 2024, which also created a direct financial obligation for the registrant. The filing does not specify the nature of the agreement or the financial obligation.

Why It Matters

This filing indicates a significant new financial commitment or agreement for ADT Inc., which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — The nature of the material agreement and the direct financial obligation are not detailed, creating uncertainty about potential risks.

Key Players & Entities

• ADT Inc. (company) — Registrant
• December 4, 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
• $1,984.1 million — the Borrowers refinanced their existing $1,984.1 million first lien senior secured term B-1 faci

Filing Documents

• eh240564036_8k.htm (8-K) — 31KB
• eh240564036_ex1001.htm (EX-10.1) — 1316KB
• 0000950142-24-002884.txt ( ) — 1820KB
• adt-20241204.xsd (EX-101.SCH) — 3KB
• adt-20241204_lab.xml (EX-101.LAB) — 33KB
• adt-20241204_pre.xml (EX-101.PRE) — 22KB
• eh240564036_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 December 4, 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. 18 (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 Seventeenth 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, May 24, 2024 and October 1, 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 refinanced their existing $1,984.1 million first lien senior secured term B-1 facility with a repriced $1,984.1 million first lien senior secured term B-1 facility (such repriced term loans, the " Repriced Term Loans "). The Repriced Ter

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 10.1 Incremental Assumption and Amendment Agreement No. 18, dated as of December 4, 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: December 4, 2024 ADT Inc. By: /s/ Jeffrey Likosar Jeffrey Likosar President, Corporate Development and Transformation, and Chief Financial Officer