Tag: Goldman Sachs Specialty Lending Group
Select Security closes on $55m credit facility with Goldman Sachs
June 22, 2016Paul Ragusa
LANCASTER, Pa.—Select Security, a super regional security company based here, received a $55 million senior credit facility with the Goldman Sachs Specialty Lending Group.“This deal is a stepping-stone for us,” Select Security founder and CEO Patrick Egan told Security Systems News. “We have had multiple bank deals over the years, but this new credit facility is more than two times the credit facility that we just paid off with Citizens Bank. Citizens have been wonderful to...
ASG ups credit facility to $250m
April 25, 2012Martha Entwistle
BELTSVILLE, Md.—ASG Security now has a quarter of a billion dollars on hand, thanks to a recent $20 million extension of its previous $230 million credit facility, the company announced April 25.ASG closed that $230 million facility just over a year, in January 2011. Why add to it now?“The capital is available and terms are very favorable,” ASG CFO Ralph Masino told Security Systems News. “We didn't need the additional capacity today, but it gives us ample dry powder to...
Vivint closes $762m refi
March 7, 2012Martha Entwistle
PROVO, Utah—In a deal that includes 20 lenders, Vivint announced Feb. 29 that it has closed a new $762 million senior debt financing, $72 million more than the residential security and home automation provider's previous financing.“We now have 20 banks investing,” Christopher Black, Vivint CFO, told Security Systems News. “Nine of those banks are new and most are new to the security industry as well.”The new lenders include private equity groups, hedge funds, small regional...