Cahill represented the underwriters in connection with a public offering of common stock by certain stockholders of ADT Inc., resulting in net proceeds of approximately $590 million.
The offering was for 71 million shares of common stock, along with a 30-day option to purchase up to an additional 10.6 million shares of common stock. Selling stockholders will receive all of the proceeds from the sale of the shares in this offering. ADT repurchased over 11 million shares of common stock from the underwriters as part of the offering.
ADT is a leading provider of smart home security solutions serving over 6 million consumer and business customers through approximately 150 locations.