Adt Inc. · NYSE:ADT
Adt — Debt Investor Presentation (March 2019)
10 slides from Adt's debt investor presentation, Mar 12, 2019
Slide 1: Lender Presentation March 12th, 2019
Lender Presentation March 12th, 2019 Exhibit 99.1
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) has been prepared by ADT Inc. (the “Company”) on behalf of Prime Security Services Borrower, LLC (the “Borrower”), a wholly owned subsidiary of the Company, in connection with the amendment of the 1st Lien Senior Secured Credit Facilities (the “Facil
Slide 3: Forward Looking Statements & Non-GAAP Measures
Forward Looking Statements & Non-GAAP Measures The Company has made statements in this Presentation and other reports, filings, and other public written and verbal announcements that are forward-looking and therefore subject to risks and uncertainties. All statements, other than statements of histor
Slide 4: Call Participants
Call Participants Brad Aston Managing Director, Barclays Deepika Yelamanchi Vice President & Treasurer, ADT Jim DeVries Chief Executive Officer, ADT Jeff Likosar Chief Financial Officer, ADT
Slide 5: Transaction Overview
Transaction Overview
Slide 6: Transaction Overview
Transaction Overview ADT Inc. (“ADT” or the “Company”) is launching an amendment to its existing Credit Facilities in order to facilitate an expected refinancing transaction (the “Transactions”): The transactions may include a new issuance of up to $1,500 million of new First Lien Senior Secured Not
Slide 7: Illustrative Sources & Uses & Pro Forma Capitalization
Illustrative Sources & Uses & Pro Forma Capitalization Notes: Market data as of March 8, 2019. The sources and uses and pro forma capitalization presented above is included for illustrative purposes. Although the Company expects that it will pursue a notes issuance in the future in connection with t
Slide 8: Amendment Overview
Amendment Overview In order to facilitate the Transactions, the Company is seeking to amend the Net First Lien Leverage Ratio applicable for the incurrence of Incremental Loans and Other First Lien Debt secured by pari passu liens on the Collateral with the existing Credit Facilities, as detailed be
Slide 9: Execution Timeline
April 2019 S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Execution Timeline Date Event March 11th Announce Term Loan Amendment ADT FY 2018 Earnings Release March 12th Lender Call March 15th Consents Due at 12:00 PM ET Close Amendment March 2019 S M T
Slide 10: Q&A
Q&A