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ADT SUCCESSFULLY COMPLETES $1.25 BILLION REFINANCING PLAN

 BOCA RATON, Fla., Aug. 4 /PRNewswire/ -- ADT Limited (NYSE: ADT), a leading electronic security services and vehicle auction services company announced today that it has successfully completed the refinancing of the company which was announced on June 1, 1993.
 Commenting, Mr. Michael A. Ashcroft, chairman and chief executive officer of ADT said:
 "This refinancing provides ADT with a long-term, stable, financial structure which will allow the company to continue to develop its two core businesses: electronic security services and vehicle auctions."
 ADT announced the closing of the public offering of 18.75 million common shares at a price of $8 per share. The First Boston Corporation and Merrill Lynch & Co. acted as managing underwriters for the offering.
 ADT also announced the closing of the public offering by ADT Operations, Inc., a subsidiary of ADT, of $250,000,000 8-1/4 percent senior notes due 2000, guaranteed on a senior basis by ADT and certain subsidiaries of ADT Operations, and $350,000,000 9-1/4 percent senior subordinated notes due 2003, guaranteed on a senior subordinated basis by ADT. Merrill Lynch & Co. and The First Boston Corporation acted as 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. This transaction was arranged by Chemical Bank and The Bank of Nova Scotia and became effective simultaneously with the closing of the equity and public debt offerings.
 ADT has used the net proceeds of the public offerings, together with cash on hand, to repay all indebtedness outstanding under its two principal existing credit facilities, which have been terminated.
 A prospectus relating to either of the public offerings may be obtained by contacting The First Boston Corporation or Merrill Lynch & Co.
 -0- 8/4/93
 /CONTACT: ADT, 407-997-8406, or Johnnie D. Johnson & Co., Inc., 212-425-4848, for ADT/
 (ADT)


CO: ADT Limited ST: Florida IN: SU:

PS -- NY009 -- 9385 08/04/93 12:37 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
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