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ADT PRICES EQUITY AND DEBT OFFERINGS

 BOCA RATON, Fla., July 29 /PRNewswire/ -- ADT Limited (NYSE: ADT), a leading electronic security services and vehicle auction services company, announced today the public offering of 18 million common shares at a price of $8 per share. The First Boston Corporation and Merrill Lynch & Co. are managing underwriters for the offering.
 ADT also announced today the public offering by ADT Operations, Inc., a subsidiary of ADT Limited, of $250 million 8-1/4 percent senior notes due 2000, guaranteed on a senior basis by ADT Limited and certain subsidiaries of ADT Operations, and $350 million 9-1/4 percent senior subordinated notes due 2003, guaranteed on a senior subordinated basis by ADT Limited. Merrill Lynch & Co. and the First Boston Corporation are managing underwriters for the offerings.
 In addition, ADT has syndicated with a group of U.S. and international banks a six-year, $500 million credit facility, subject to final documentation. This transaction was arranged by Chemical Bank and The Bank of Nova Scotia and will become effective simultaneously with the closing of the equity and public debt offerings.
 ADT Limited will use the net proceeds of the public offerings, together with cash on hand, to repay all indebtedness outstanding under ADT's two principal existing credit facilities, which will be canceled, and to repay certain other long-term debt.
 A prospectus relating to either of the public offerings may be obtained by contacting the First Boston Corporation or Merrill Lynch & Co.
 -0- 7/29/93
 /CONTACT: ADT Limited, 407-997-8406, or Johnnie D. Johnson & Co., Inc., 212-425-4848, for ADT Limited/
 (ADT)


CO: ADT Limited ST: Florida IN: SU: OFR

TS-PS -- NY011 -- 7074 07/29/93 07:35 EDT
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Publication:PR Newswire
Date:Jul 29, 1993
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