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APX Alarm secures $565m in new financing, brings new lenders to market

October 7, 2010Martha Entwistle

PROVO, Utah—APX Alarm this week announced it had upped its debt financing by $125 million to a grand total of $565 million. In the process, it brought on two new lenders: Bank of America and, a new lender in the security space, Barclays Private Credit Partners (BPCP). “BPCP finds the alarm monitoring space attractive given the contractual, predictable and recurring nature of the revenue stream, as well as the solid collateral coverage afforded secured lenders,” J. Brent Humphries,...

Apx Alarm, Barclays Private Credit Partners, BPCP, Chris Black, J. Brent Humphries