Tag: Securitas Direct
Interface completes $230m refi, gets new $45m revolver
January 23, 2013Martha Entwistle
ST. LOUIS—Interface Security Systems, based here, last week completed a $230 million bond deal and also secured a new $45 million revolver from Capital One. Imperial Capital was the “sole bookrunner” for the bond deal and advised Interface on the revolving line of credit.
The new capital “enabled Interface to pay off all of its existing debt [and will fund future growth],” John Mack, managing director of Imperial Capital, told Security Systems News.
The $230 million...
Stanley to buy resi company for $61m
August 4, 2011Martha Entwistle
EDMONTON, Alberta—In a deal that will give Stanley CSS a major residential security footprint in Canada, Stanley Canada Corporation, a subsidiary of Stanley Black & Decker, Inc. has entered into an agreement to acquire Microtec Security Systems, headquartered here, for $61.6 million ($59.7 million Canadian).
The deal includes close to 80,000 accounts, two UL-Canada listed central stations, five offices, 200 employees and many dealers, said Fred Fong, CEO and president of First National AlarmCap...