SAFE Security gets $130m refi

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Monday, March 4, 2013

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,” Paul Sargenti, president and CEO, Safe Security, said in the statement. “It also gives us financial flexibility to provide the finest security services and monitoring to our customers nationwide.

In addition to Bank of America, the refinancing syndicate includes Bank of Montreal, One West Bank, Madison Capital, and US Bank.