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Legal News

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

Date: 05/02/16

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.