ADT Inc. announces $200M debt paydown

ADT Inc. announced a plan to pay down $200M in debt using cash on hand. Of the total, $150M will be achieved through a partial redemption of the $750M ADT First-Priority Senior Secured Notes due 2024 and $50M will be achieved upon the maturity of our ADT Notes due 2023. As previously announced, the ADT Notes due 2023 have been partially redeemed with $600M from our Term Loan A Facility and we expect to use an additional $50M from this facility together with $50M in cash to pay down the remaining balance.