ADT Inc. (NYSE:ADT) acquired ASG Intermediate Holding Corp. for approximately $510 million on July 1, 2015. In a related transaction ADT acquired Protection Holdings II, Inc. for $1.5 billion on July 1, 2015. Both transactions were funded by a combination of equity invested by our Sponsor and rollover equity investments by management of Protection One, Inc. of $755 million, as well as borrowings under (i) first lien credit facilities, which included a $1,095 million term loan facility and a $95 million revolving credit facility, and (ii) a $260 million second lien term loan facility. A portion of the total purchase price was placed in escrow to cover potential adjustments to the purchase consideration associated with general representations and warranties and adjustments to tangible net worth.

ADT Inc. (NYSE:ADT) completed the acquisition of ASG Intermediate Holding Corp. on July 1, 2015.