ADT Korea refinances W1.35tr LBO loan
ADT Korea has refinanced a W1.35tr borrowing it raised for its buyout by Carlyle in 2014. The original five year facility was raised at a leverage of 7x Ebitda and helped Carlyle clinch a hotly contested bid for the Korean security company. ADT Korea refinanced the facility amid lower interest rates and a general paucity of deals out of Korea, said bankers.
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