Firm News: Cahill Represents Underwriters in ADT’s $403 Million Offering 10.30.2024

Cahill Represents Underwriters in ADT's $403 Million Offering

Date: 10/30/24

Cahill represented the underwriters in connection with a public offering of common stock by ADT Inc., resulting in net proceeds of approximately $403 Million.

The offering made available 56,000,000 shares of common stock, along with a 30-day option to purchase up to an additional 8,400,000 shares of common stock. Selling stockholders will receive all of the proceeds from the sale of the shares in this offering. ADT purchased 16,000,000 shares of common stock from the underwriters as part of the offering.

ADT is a leading provider of security, automation, and smart home solutions that serves consumer and business customers through approximately 180 locations, 6 owned and operated monitoring centers, and the largest network of security professionals in the United States.