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.