Prime Security Services Borrower, LLC (“Prime” and, together with
its subsidiaries, “Protection 1”), a portfolio company of certain
funds affiliated with Apollo Global Management, LLC (NYSE:APO)
(together with its consolidated subsidiaries and affiliates,
“Apollo”), announced today that The ADT Corporation (NYSE:ADT)
(“ADT”) has filed Form 12b-25 with the Securities and Exchange
Commission (the “SEC”), to avail itself of a filing extension for
its quarterly report on Form 10-Q for the fiscal quarter ended
March 31, 2016 (the “Second Quarter 10-Q”), which would have
otherwise been due on May 10, 2016 (the “Filing Date”).
As previously announced, on May 2, 2016, a wholly owned
subsidiary of Prime merged (the “Merger”) with and into ADT, with
ADT surviving the merger as a wholly owned subsidiary of Prime. As
a result of the closing of the Merger, Protection 1 requires
additional time to complete its review of the Second Quarter 10-Q
prior to filing. In connection with the Merger, a Form 25 was filed
with the SEC in respect of the delisting and deregistration of the
common stock of ADT. In addition, in connection with the
Merger, ADT expects that it will file with the SEC a Form 15 to
deregister its common stock under Section 12(g) of the Securities
Exchange Act of 1934 on or about May 12, 2016.
About Protection 1
Protection 1 was acquired by certain funds affiliated with
Apollo Global Management, LLC (NYSE:APO) on July 1, 2015 as
the flagship for Apollo’s entrance into the alarm monitoring
services industry, with a simultaneous acquisition of ASG Security,
which has been effectively integrated into Protection 1.
Protection 1 is a premier full-service business and home
security company in the U.S. that provides installation,
maintenance, and monitoring of single-family home security systems,
business security systems and multi-family security systems.
Protection 1 serves over 2 million customers and employs over
4,000 people in more than 90 office locations and five UL Certified
monitoring centers across the country. For more information about
Protection 1, visit
http://www.protection1.com/corporate/news/.
About ADT
The ADT Corporation (NYSE:ADT) is a leading provider of security
and automation solutions for homes and businesses in the United
States and Canada. ADT’s broad and pioneering set of products and
services, including ADT Pulse® interactive home and business
solutions, and health services, meet a range of customer needs for
today’s active and increasingly mobile lifestyles. Headquartered in
Boca Raton, Florida, ADT helps provide peace of mind to over
6.5 million customers and employs approximately 17,000 people
at 200 locations. More information is available at www.adt.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of applicable federal securities laws.
Forward-looking statements involve risks and uncertainties,
including but not limited to economic, competitive, and
technological factors outside Protection 1’s control that may
cause actual results to differ materially from the forward-looking
statements. You should not place undue reliance on
forward-looking statements as a prediction of actual results.
Protection 1 expressly disclaims any obligation or undertaking
to release publicly any updates or revisions to any forward-looking
statements to reflect any change in expectations or events,
conditions or circumstances on which any such statements are
based.
Media Contacts
For Apollo Global Management:
Apollo Global Management, LLC
Gary M. Stein, 212-822-0467
Head of Corporate Communications
gstein@apollolp.com
or
Rubenstein Associates, Inc. for Apollo Global Management, LLC
Charles Zehren, 212-843-8590
czehren@rubenstein.com
For Protection 1:
Jennifer Webb, 212-221-1616
Coltrin & Associates
Jennifer_webb@coltrin.com
For ADT:
Jason Shockley, 561-322-7235
Vice President, Corporate Communications
jshockley@adt.com
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