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Monitoring

Lydia receives $75 million

January 27, 2016Spencer Ives

WILLIAMSTOWN, N.J.—Lydia Security Monitoring, the parent company of COPS Monitoring, received a $75 million credit facility from Citizens Bank, the bank announced Jan. 25.“Lydia plans to use this line of credit for general corporate purposes and to expand its presence in the market,” David Smith, COPS' director of marketing and communications, told Security Systems News, in an email interview.Citizens served as lead left arranger and administrative agent for the transaction.Jim...

Citizens Bank, COPS Monitoring, David Smith, Greg Busone, Jim McMullen, Lydia Security Monitoring

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