ADT’s Amendment of Existing Credit facility and additional $425 Million Incremental Term Loans

Cahill represented the lead arrangers in connection with an amendment to ADT’s existing credit facility including an additional $425,000,000 of incremental term loans.

Barclays Bank PLC acted as administrative agent on the transaction.

ADT is a leading provider of security and automation solutions in the United States and Canada, protecting homes and businesses, people on-the-go and digital networks. Proceeds from the facility will be used for general corporate purposes and for the acquisition of Red Hawk Fire & Security, a leader in commercial fire, life safety and security services and portfolio company of Comvest Partners.

Cahill advised with a team including Stuart Downing (Picture), Jonathan A. Schaffzin, Alexandria Fernandez, Kelly E. Gelfand Egers, Alexa S. Kaminsky and Nicholas S. Millington

Involved fees earner: Stuart Downing – Cahill Gordon & Reindel; Alexandria Fernandez – Cahill Gordon & Reindel; Kelly Gelfand Egers – Cahill Gordon & Reindel; Alexa Kaminsky – Cahill Gordon & Reindel; Nicholas Millington – Cahill Gordon & Reindel; Jonathan Schaffzin – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Barclays Bank;

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Author: Ambrogio Visconti