Cahill Represents Lead Arrangers in Credit Facility to Finance Acquisition of The ADT Corporation

May 2, 2016

Cahill represented Barclays as administrative agent and Barclays, Citigroup Global Markets, Deutsche Bank, and RBC Capital Markets, as lead arrangers in connection with the $1.555 billion in new first lien term loans and new $255 million first lien revolving facility for Prime Security Services Borrower, LLC.  Proceeds from the facility were used in connection with the acquisition of The ADT Corporation, a leading provider of monitored security, interactive residential and commercial automation solutions, and related monitored services in North America, by Prime Security Services Borrower, LLC (with its subsidiaries, “Protection 1”), a leading full-service business and home security company in the United States owned by certain funds managed by affiliates of Apollo Global Management, LLC.