ADT Inc Stock Price, News & Analysis

ADT has announced a partnership with Hippo to offer professional monitoring and installation services to new Hippo customers while providing discounts on home insurance for existing ADT customers. This collaboration aims to enhance protection for homeowners through ADT’s smart home technology and Hippo’s insurance solutions. New Hippo customers will receive free installation of an ADT smart home security system and eligibility for smart home discounts on insurance premiums. The initiative is set to roll out in select states, expanding the reach of both companies.

ADT Inc. will release its fourth quarter and full year 2020 financial results on February 25, 2021, after market close. A conference call will follow at 5:00 pm ET to discuss the results. Investors can participate by dialing 1-877-407-3982 (domestic) or 1-201-493-6780 (international), and the call will also be available via live webcast on ADT’s investor website. Audio replays will be provided until March 11, 2021.

ADT has partnered with Ackerman Security Systems, enabling Ackerman to sell and install ADT smart home security services. This collaboration expands ADT's reach in Georgia, Virginia, and Maryland. As part of the agreement, ADT will acquire approximately half of Ackerman's customer accounts for $73 million. The partnership aims to enhance customer experience with advanced security solutions, while leveraging ADT's resources for innovative product offerings. This announcement follows a significant equity investment from Google in 2020, highlighting ongoing residential demand trends.

ADT Inc. (NYSE: ADT) announced a strong demand for residential customers in Q4 2020 and affirmed its financial outlook for the year, estimating total revenue between $5.2 billion and $5.35 billion. The company is preparing its consolidated financial statements and plans to release its final results in February 2021. Following a $450 million investment from Google, ADT paid down $300 million of its first lien term loans and anticipates continued growth through investments in technology and the launch of ADT + Google services in 2021.

ADT has completed its acquisition of CellBounce, aiming to enhance its customer service by offering a 3G-to-4G radio conversion technology certified for AT&T's network. This innovative, customer-installable device is designed to minimize the need for in-person upgrades, thereby streamlining the transition for users affected by the 3G sunset. The device will not only benefit ADT's customers but will also be available to third-party security providers, promoting broader industry adoption. The launch is set for early 2021.

ADT Inc. (NYSE: ADT) has announced the termination of its tender offers to purchase up to $300 million of its secured notes due in 2028 and 2032. The decision comes after Moody's indicated that the offers could lead to a downgrade of ADT's first lien debt. Instead of proceeding with the offers, ADT plans to repay $300 million of its first lien term loans in December. All previously tendered notes will be returned to holders as the offers are formally terminated.

invisaWear and ADT announce a partnership to enhance wearable safety technology. The collaboration integrates ADT's mobile safety platform with invisaWear's stylish accessories, allowing users to connect discreetly with ADT in emergencies. invisaWear devices, which include bracelets and necklaces, alert ADT and send location data with a double-press button. The new app feature, currently available on iOS, enhances user safety. ADT emphasizes the partnership's goal of providing trusted, discreet solutions for on-the-go safety.

ADT Inc. announced the commencement of tender offers to purchase up to $300 million of its 6.250% Second-Priority Senior Secured Notes due 2028 and 4.875% First-Priority Senior Secured Notes due 2032. The company plans to use cash on hand, including $450 million received from an investment by Google, to fund these offers aimed at debt reduction and growth investments.

The tender offers include early tender payment incentives and are subject to specific conditions and deadlines for acceptance, with early settlement expected on December 18, 2020.

ADT has partnered with Lyft to introduce the Emergency Help safety feature nationwide, enhancing security for riders and drivers. This feature connects users to ADT monitoring professionals if they feel unsafe, offering immediate assistance through the Lyft app. Following a successful pilot program, the integration allows users to contact ADT for help or alert 911 discreetly. This initiative underscores ADT's commitment to safety innovation beyond traditional home security.