ADT to offer $1 billion in senior notes

 - 
Monday, September 23, 2013

BOCA RATON, Fla.—The ADT Corporation plans to offer $1 billion in senior unsecured notes, due 2021, to qualified institutional buyers in the United States, pursuant to federal and state regulations, the company announced today.

The company plans to use proceeds to repay $150 million borrowed under revolving credit facility, repurchase outstanding shares of common stock and for other corporate purposes, such as acquisitions, the company said in its Sept. 23 news release.

The offer is subject to market conditions, the company said.

Tags: