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Tag: PNC Bank


Vector Security secures $450m credit facility

June 12, 2019SSN Staff

PITTSBURGH—Vector Security, a provider of residential and commercial security and automation solutions, announced this week it has entered into a $450 million credit agreement led by PNC Bank, with National Association as Administrative Agent; PNC Capital Markets LLC as Sole Bookrunner and Joint Lead Arranger; and with Bank of America and U.S. Bank acting as Joint Lead Arrangers and Syndication Agents. This new credit agreement provides for a $450 million revolving credit facility commitment,...

credit facility, PNC Bank, Vector Security

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Vector receives $300 million in credit

December 7, 2016Spencer Ives

PITTSBURGH—Vector Security, a large residential and commercial security provider based here, recently entered into an agreement for a $300 million revolving credit facility.“We are looking to use the funds for growth. So, we'll be using them for acquisitions, as well as some organic growth and some projects that we're going to be working on,” Pam Petrow, Vector Security's president and CEO, told Security Systems News. The funds will also refinance some of the company's existing...

Chuck Thropp, Pam Petrow, PNC Bank, Vector Security

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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...

Bank of America, credit facility, Huntington Bank, Jeffrey Hoffman, Mike Anselmo, National Association, Pam Petrow, Pittsburgh, PNC Bank, RBS Citizens, US Bank, Vector Security

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General News

Geeks and guns

February 17, 2011Leischen Stelter

DELRAY BEACH, Fla.—As electronic technology becomes increasingly vital to physical security, there has been a growing need for collaboration between physical and IT security. But should corporations be striving to converge these two departments into one? Gareth Webley, chief information security officer for Eaton Corp., a $13.7 billion diversified power management company that provides electronic components for the aviation and transportation sectors, said during his keynote address at TechSec...

Eaton Corp., Gareth Webley, National City Corporation, PNC Bank, TechSec Solutions

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