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Pinnacle has new $275m financing package

March 24, 2011Tess Nacelewicz

OREM, Utah—Pinnacle Security announced today that it has closed on a new financing package that is one of the largest credit facilities in the industry. “It's a $275 million financing package that refinances existing debt and provides for several years of growth capital,” Sean Forrest, CFO of the major summer sales model security company, which is based here, told Security Systems News. The deal includes an “opportunity for expansion to $400 million as the company grows,”...

Bank of America Merrill Lynch, HSM Electronic Protection Services, Pinnacle, PrivateBank, Sean Forrest