ADT to issue $750 million of seven-year bonds

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ADT Inc. said Thursday it is planning to offer $750 million in first-priority senior secured notes due 2027, joining the many companies issuing record levels of debt during the pandemic. Proceeds will be used to redeem $750 million of 6.250% notes that mature in 2021.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.