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Commercial

Vector secures $225 million

July 28, 2011Martha Entwistle

PITTSBURGH—Vector Security will use new financing to make acquisitions and investments that will better position the company for growth in the commercial space. Vector, based here, announced July 28 the completion of a new $225 million credit facility that includes $75 million in new financing. Vector CEO Pam Petrow told Security Systems News that the funding will be used to invest in three different areas. “The first will be acquisitions [that position us] in a couple of different...

Administrative Agent PNC Bank, Bank of America, credit facility, Huntington Bank, Jeffrey Hoffman, Mike Anselmo, National Association, Pam Petrow, Pittsburgh, PNC Capital Markets


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