BOCA RATON, Fla., Jan. 16, 2020 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, announced today that Prime Security Services Borrower, LLC and Prime Finance Inc., its indirect wholly owned subsidiaries, priced their previously announced offering of $1,300 million aggregate principal amount of 6.25% second-priority senior secured notes due 2028 that are exempt from the registration requirements of the Securities Act of 1933, as amended.

The Offering is expected to close on January 28, 2020, subject to certain conditions.

The Company expects to use the proceeds from the Offering, along with cash on hand and borrowings under its revolving credit facility, to (i) redeem the outstanding $1,246 million aggregate principal amount of its 9.250% Second-Priority Senior Secured Notes due 2023 in full and (ii) pay related fees and expenses in connection with the transactions.

About ADT

ADT is a leading provider of security, automation, and smart home solutions serving consumer and business customers through more than 200 locations, 9 monitoring centers, and the largest network of security professionals in the United States. The Company offers many ways to help protect customers by delivering lifestyle-driven solutions via professionally installed, do-it-yourself, mobile, and digital-based offerings for residential, small business, and larger commercial customers. For more information, please visit www.adt.com or follow on Twitter, LinkedIn, Facebook, and Instagram.