APX Group completes senior notes exchange

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Friday, October 25, 2013

PROVO, Utah—The APX Group, of which home automation/home security provider Vivint operates as a subsidiary, received 100 percent of the two categories of outstanding notes that were subject to an exchange offer that closed Oct. 24, the company has announced. 

The APX Group in September had offered to exchange all outstanding 6.375 percent senior secure notes, due 2019, or 8.75 percent senior notes, due 2020, for equal principal amount of the same.

At the time of the expiration, bids of approximately $925 million aggregate principal amount, or 100 percent of the outstanding 2019 notes, and $580 million aggregate principal amount, or 100 percent of the outstanding 2020 notes, have been received pursuant to the exchange offers.