ADT Inc SEC Filings

ADT Inc. is planning a major refinancing of its secured debt. The company’s indirect wholly owned subsidiary, The ADT Security Corporation, is offering $1.0 billion aggregate principal amount of first‑priority senior secured notes due 2033 in a private transaction under Rule 144A and Regulation S.

ADT intends to use the notes proceeds together with $300 million of incremental first lien senior secured term loans and cash on hand to fund the redemption of all $1.3 billion outstanding 6.250% second‑priority senior secured notes due 2028 issued by its subsidiaries Prime Security Services Borrower, LLC and Prime Finance Inc.

The company notes that the offering is subject to market and other conditions and may be delayed or may not occur as described. ADT also includes extensive forward‑looking statement cautions highlighting risks tied to this financing plan, its business exits, cybersecurity, regulation, partnerships, and broader economic conditions.

ADT Inc. plans to refinance a large portion of its debt by marketing a new $300 million incremental first lien senior secured term B-2 loan facility expected to mature in 2032. The company expects to combine proceeds from this new facility with up to $1.0 billion of additional first lien senior secured debt and cash on hand to fund the planned redemption of $1.3 billion of its 6.250% second-priority senior secured notes due 2028.

The issuers have issued a conditional notice to redeem all outstanding second-priority notes on October 25, 2025 at 100% of principal plus accrued and unpaid interest, but this redemption depends on successfully completing new long-term financings on terms and in amounts satisfactory to the issuers.

ADT Inc. is selling substantially all of the assets of its multifamily business to Everon, LLC for approximately $55,000,000 in cash, subject to customary adjustments. The business being sold serves about 200,000 multifamily customer units and generates roughly $2.6 million of recurring monthly revenue, covering apartment, student, military and other rental housing customers. The transaction is expected to close at the end of the third quarter of 2025. ADT will provide limited transition support services after closing and has agreed not to compete in the multifamily business, with certain exceptions, until after October 2, 2028.

This Schedule 13G/A reports that a group of Apollo-related entities and Prime Security affiliates collectively disclose significant shared ownership in ADT Inc. The filing identifies the Reporting Persons and their Delaware organization structures, gives a principal business address in New York, and states that certain entities together beneficially own 183,650,366 shares of ADT common stock, representing 23.7% of the class based on 776,526,793 shares outstanding as of July 17, 2025. The statement shows no sole voting or dispositive power for any Reporting Person; all voting and disposition powers reported are shared. The report includes detailed ownership breakdowns for multiple entities (notably TopCo ML LP with 171,612,099 shares and TopCo ML II LP with 12,038,267 shares) and contains signing certifications dated August 14, 2025.

Form 4 summary: Apollo-affiliated entities disclosed changes in beneficial ownership of ADT Inc. common stock. The filing lists a transaction dated 08/06/2025 with Transaction Code "J" and a reported price of $8.31. The table row shows a figure of 10,650,000 shares associated with the reported transaction and a total beneficial ownership of 102,000,366 shares following the transaction. Reporting persons named include Apollo Management Holdings GP, LLC, Apollo Management GP, LLC, and Apollo Management Holdings, L.P. Each reporting person is marked as a Director and a 10% Owner. The filing was submitted by more than one reporting person and references Exhibit 99.1 for further explanation and Exhibit 99.2 for signatures (signature date shown as 08/08/2025). The filing does not include the exhibit text within the provided content.

Form 4 filed for ADT Inc. reports insider transactions by several Apollo/Prime-affiliated reporting persons. The earliest transaction date shown is 08/06/2025. The filing records a common stock transaction with numeric items disclosed: 10,650,000 shares and a price of $8.31, and reports 102,000,366 shares held following the reported transaction(s). The form is filed by more than one reporting person and marks those reporting persons as Director and 10% Owner in the checkboxes.

The Form references supporting exhibits for explanation and signatures (Exhibit 99.1 and Exhibit 99.2) but does not include detailed narrative within the body of the Form 4 itself. Table II (derivatives) contains no entries in the provided content.

Form 4 Insider Transaction – ADT Inc. (ADT)

• Reporting persons: Apollo Management Holdings GP, LLC and affiliated Apollo entities, each a 10% owner.
• Date of trade: 07/28/2025 (filed 07/30/2025).
• Transaction code: S – open-market sale of common stock.
• Shares sold: 71,000,000 at $8.31 per share (≈ $590 million).
• Remaining stake: 112,650,366 shares held indirectly after the sale.

No derivative securities were reported. The sale materially reduces Apollo’s position yet leaves it with a substantial holding, implying continued influence but signalling possible profit-taking or portfolio rebalancing. Large dispositions by a controlling shareholder are often viewed as a bearish indicator, though ongoing ownership above 100 million shares may temper concerns.