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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/12/24 ADT Inc. 8-K:1,9 4/10/24 11:1.1M Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 27K 2: EX-10.1 Material Contract HTML 811K 6: R1 Document and Entity Information HTML 45K 8: XML IDEA XML File -- Filing Summary XML 11K 11: XML XBRL Instance -- d767205d8k_htm XML 14K 7: EXCEL IDEA Workbook of Financial Report Info XLSX 8K 4: EX-101.LAB XBRL Labels -- adt-20240410_lab XML 53K 5: EX-101.PRE XBRL Presentations -- adt-20240410_pre XML 34K 3: EX-101.SCH XBRL Schema -- adt-20240410 XSD 12K 9: JSON XBRL Instance as JSON Data -- MetaLinks 12± 18K 10: ZIP XBRL Zipped Folder -- 0001193125-24-094787-xbrl Zip 201K
8-K |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM i 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): i April 10, 2024
i ADT Inc.
(Exact name of Registrant as specified in its charter)
i Delaware | i 001-38352 | i 47-4116383 | ||
(State of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
i 1501 Yamato Road
i Boca Raton, i Florida i 33431
(Address of principal executive offices)
i (561) i 988-3600
(Registrant’s telephone number, including area code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
i ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
i ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
i ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
i ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading |
Name of each exchange on which registered | ||
i Common Stock, par value $0.01 per share | i ADT | i New York Stock Exchange |
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2). Emerging growth company i ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 | Entry into a Material Definitive Agreement. |
Sixth Amendment to Receivables Facility
On April 10, 2024, ADT LLC (“ADT”) and ADT Finance LLC (“ADT Finance”) entered a Sixth Amendment to the Receivables Financing Agreement, among ADT Finance, Mizuho Bank, Ltd., ADT, MUFG Bank Ltd., Starbird Funding Corporation, and BNP Paribas (the “Sixth Amendment to Receivables Financing Agreement”). The Sixth Amendment to Receivables Financing Agreement, among other things, (i) increases of the size of the uncommitted secured lending facility contemplated thereunder from the existing uncommitted capacity of $500 million to a new uncommitted capacity of $550 million, (ii) extends the Termination Date from April 10, 2024 to April 10, 2025, (iii) expands Eligible Receivables to include alarms and other home security products sold but not installed by ADT, and (iv) makes certain amendments to collateral tests, advance rates and similar provisions in connection therewith, together with certain related amendments. The parties had previously entered into the Fifth Amendment to Receivables Financing Agreement to extend the Termination Date from March 27, 2024 to April 10, 2024. In connection with the effectiveness of the Sixth Amendment to Receivables Financing Agreement, ADT Inc. was required to reaffirm its existing Performance Support Agreement in the form included as Annex A to the Sixth Amendment to Receivables Financing Agreement (the “Performance Support Agreement”).
The foregoing descriptions of the Sixth Amendment to Receivables Financing Agreement and Performance Support Agreement do not purport to be complete and are subject to, and qualified in their entirety by reference to the full text of the Sixth Amendment to Receivables Financing Agreement, including Annex A thereto, which is attached to this report as Exhibit 10.1 and incorporated by reference herein. Capitalized terms used herein have the meanings used in the Sixth Amendment to Receivables Financing Agreement.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit |
Description | |
10.1* | Sixth Amendment to the Receivables Financing Agreement, among ADT Finance LLC, Mizuho Bank, Ltd., ADT LLC, MUFG Bank, Ltd., Starbird Funding Corporation, and BNP Paribas, dated as of April 10, 2024 | |
104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) |
* | Portions of this exhibit are redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K and schedules of this exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Registrant agrees to furnish a copy of any redacted information and/or omitted schedules to the U.S. Securities and Exchange Commission upon request. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: April 12, 2024 | ADT Inc. | |||||
By: | /s/ Jeffrey Likosar | |||||
Jeffrey Likosar | ||||||
President, Corporate Development and Chief Transformation Officer and Interim Chief Financial Officer |
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
4/10/25 | None on these Dates | |||
Filed on: | 4/12/24 | |||
For Period end: | 4/10/24 | |||
3/27/24 | ||||
List all Filings |