New York, April 08, 2016 -- Moody's Investors Service said that The ADT Corporation's current solicitation of bonhdolders' consent to waive a Change of Control Triggering Event, amend the definition of Change of Control, and exclude P1subsidiary stock from the collateral pool under certain conditions, neither changes the overall P1 acquisition materially, nor puts first-lien lenders' collateral at risk. For more information, please see the recent Issuer Comment on www.moodys.com.

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