ADT 2009 Annual Report Download - page 265
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TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
26. Subsequent Events
The Company has evaluated subsequent events through the time it filed its annual report on
Form 10-K on November 16, 2009.
On October 1, 2009, the Company granted Tyco employees 4.1 million share options with a
weighted-average grant-date fair value of $9.17 per share at the date of grant. Additionally, the
Company granted 1.3 million and 0.8 million restricted stock units and performance share units with a
fair value of $33.75 and $40.19 per share on the date of grant, respectively.
On September 30, 2009, TIFSA issued $500 million aggregate principle amount of 4.125% notes
due 2014, which are fully and unconditionally guaranteed by the Company. TIFSA received net
proceeds of approximately $496 million after underwriting discounts and estimated offering expenses.
The net proceeds may be used for general corporate purposes which may include repayment of
indebtedness, acquisitions, additions to working capital, repurchase of common shares, capital
expenditures and investments in the Company’s subsidiaries. Also on September 30, 2009, TIFSA
entered into interest rate swap contracts to hedge $500 million notional amount of the 6.0% public
notes due 2013.
2009 Financials 173