Cahill Represents Initial Purchasers in $600 Million Add-On Notes Offering for ADT and Dealer Manager in connection with a Tender Offer for any and all of the outstanding 5.250% First-Priority Senior Notes due 2020
Date: 09/23/19
Cahill represented the initial purchasers in connection with an add-on Rule 144A offering of $600,000,000 aggregate principal amount of 5.750% first-priority senior secured notes due 2026 by Prime Security Services Borrower, LLC and Prime Finance Inc., each a wholly-owned subsidiary of ADT Inc. Cahill also represented the dealer manager in connection with a tender offer for any and all of the outstanding principal amount of 5.250% first-priority senior notes due 2020 of The ADT Security Corporation, an indirect subsidiary of ADT Inc. Proceeds of the notes offering were used to (a) repurchase or redeem the outstanding 5.250% first-priority senior notes due 2020 and (b) refinance outstanding terms loans.