Tag: US Bank
SAFE Security gets $130m refi
March 4, 2013SSN Staff
SAN RAMON, Calif.—A five-bank syndicate led by Bank of America has refinanced SAFE Security's senior debt facility with a $130 million capital infusion, according to a company statement. The capital will be used toward the company's growth strategy.
“In concert with our equity partners at ICV, this expansion of our senior credit lines will provide the capital that SAFE needs to execute its long term growth strategy and stay on track with strategic acquisitions and geographic expansion,”...
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...