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IASG posts third quarter results, sells $125M in senior notes

IASG posts third quarter results, sells $125M in senior notes

November 18, 2004 ALBANY, N.Y. - Integrated Alarm Services Group said it had $21.9 million in revenue during the third quarter, up from $19.5 million during the previous quarter and an increase of 125 percent over the same time period the previous year. The company also announced it has sold in a private placement $125 million of senior notes, due on November 15, 2011. Net proceeds of the financing was $121 million, after expenses. With the close of the senior notes, LaSalle Bank extended a $30 million senior secured credit facility to the company.

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