ADT completes $1.0 billion 5.875% senior secured notes offering due 2033
On October 15, 2025, ADT's indirect subsidiary The ADT Security Corporation completed a $1.0 billion offering of 5.875% first-priority senior secured notes due October 15, 2033. The company expects to use the proceeds, with incremental term loans and cash on hand, to redeem in full $1.3 billion of 6.250% second-priority notes due 2028 and pay related fees.
Key points
- Notes: $1.0 billion principal, 5.875% interest, maturing October 15, 2033, with semi-annual payments beginning January 15, 2026
- Proceeds, plus incremental first lien term loans and cash on hand, to redeem all $1.3 billion of 6.250% second-priority notes due 2028
- Notes are secured by first-priority interests in substantially all tangible and intangible assets of the issuer and guarantors
- Indenture with Computershare Trust Company, N.A. as trustee includes covenants limiting liens, sale leasebacks and mergers, and a 101% change of control repurchase provision
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 15, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.