Apollo Global Management acquisition of ADT

Overview:

• Funds affiliated with Apollo Global Management and Protection 1 acquired the ADT Corporation, a provider of security and automation solutions, in a transaction valued at $15 billion. 
• The acquirer purchased the target company for $42 a share. The transaction was all cash. 
• ADT has also merged with Protection 1 as part of this transaction.
• Credit Suisse acted as administrative agent and lead arranger in relation to the $1.095 billion first Lien Term B loan, a $260 million Second Lien Term B loan and a $95 million First Lien revolving credit agreement to finance the acquisition of Protection 1. 

Rani Mehta - Journalist