The ADT Corporation Prices $700M Notes Offering
BOCA RATON, Fla.--(BUSINESS WIRE)--The ADT Corporation (NYSE:ADT) announced the pricing of its offering of $700 million aggregate principal amount of 4.125 percent Senior Notes due 2023. ADT intends to use the net proceeds from the offering primarily for the repurchase of outstanding shares of ADT common stock. Any net proceeds not used for such share repurchases are intended to be used for general corporate purposes. The offering is expected to close on or about January 14, 2013, subject to the satisfaction of various customary closing conditions.
The ADT Corporation (NYSE:ADT) is a leading provider of electronic security, interactive home and business automation and monitoring services for residences and small businesses in the United States and Canada. ADT's broad and pioneering set of products and services, including ADT Pulse interactive home and business solutions, and home health services, meet a range of customer needs for today’s active and increasingly mobile lifestyles. Headquartered in Boca Raton, Florida, ADT helps provide peace of mind to more than six million customers, and it employs approximately 16,000 people at 200 locations. More information is available at www.adt.com.