Apollo Pledges $9.6 Billion in Debt Financing for Thrive’s ADT Acquisition
Apollo reportedly committed about $9.6 billion in debt financing for Thrive Holdings’ acquisition of ADT, with the package intended for syndication through high-yield bonds and leveraged loans. Apollo will also provide preferred equity; ADT and Apollo did not immediately comment.
Apollo Global Management has pledged about $9.6 billion in debt financing to facilitate the acquisition of ADT by Thrive Holdings. According to reports, the financing package is intended to be syndicated to institutional investors through high-yield bond and leveraged loan markets, with Apollo also providing preferred equity to support the transaction. This development follows previous reports regarding the potential acquisition of the home security firm. ADT and Apollo did not immediately respond to requests for comment regarding the reported financing commitments.