January 22, 2017 6:49 AM ET

Diversified Consumer Services

Company Overview of APX Group Holdings, Inc.

Company Overview

APX Group Holdings, Inc. sells, installs, services, and monitors electronic home security and home systems in the United States, Canada, and New Zealand. Its products and service packages allow subscribers to remotely control, monitor, and manage their homes from various devices. The company offers its subscribers with residential security monitoring services, including touchscreen and two-way voice communications; smoke detectors; three door and window sensors; motion detectors and key fobs; glass-break detectors; carbon monoxide detectors; flood and freezer sensors; and panic pendants and small appliances/lamp control modules. It also provides home protect services comprising doorbell came...

4931 North 300 West

Provo, UT 84604

United States

Founded in 1999

3,700 Employees

Phone:

801-377-9111

Fax:

801-377-4116

Key Executives for APX Group Holdings, Inc.

Co-Founder, Chairman and Chief Executive Officer
Age: 47
President and Director
Age: 44
Chief Financial Officer
Age: 55
Chief Operating Officer
Age: 39
Chief Executive Officer of Solar
Age: 56
Compensation as of Fiscal Year 2016.

APX Group Holdings, Inc. Key Developments

APX Group Holdings, Inc. Announces Intention to Offer New Senior Secured Notes

APX Group Holdings, Inc. announced that its wholly owned subsidiary, APX Group, Inc. intends, subject to market and other conditions, to offer $300,000,000 aggregate principal amount of its 7.875% Senior Secured Notes due 2022 in a private placement. The Notes are expected to constitute a further issuance of the $600 million aggregate principal amount of 7.875% senior notes due 2022 that were issued in May 2016 and August 2016. The Issuer intends to use the net proceeds from the Notes offering to redeem up to $300 million aggregate principal amount of the Issuer’s outstanding 6.375% Senior Secured Notes due 2019 and pay the related redemption premium, and to pay all fees and expenses related thereto and any remaining proceeds for general corporate purposes. The partial redemption of the 2019 Notes is conditioned on the consummation of the Notes offering. No assurances may be given that these transactions will be completed on the timeline, in the amount, or on the terms presently contemplated by the company or at all.

APX Group Holdings, Inc. - Special Call

To discuss its plans to offer Vivint Flex Pay to qualified customers in 2017

APX Group Holdings, Inc. Announces Executive Changes

APX Group Holdings, Inc. announced that it has appointed Scott Hardy to serve as the company's Chief Operating Officer effective December 15, 2016. Mr. Hardy will succeed David Bywater, who notified the company on December 15, 2016 of his intent to resign as the company's Chief Operating Officer. As previously disclosed, Mr. Bywater had taken a leave of absence from the company to serve as interim Chief Executive Officer of Vivint Solar, Inc., a role he will continue in on a permanent basis.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 25, 2016
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