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Security Networks ups credit facility by $100 million

May 2, 2012Martha Entwistle

WEST PALM BEACH, Fla.—Security Networks, a super-regional based here, announced April 30 that it has extended its credit facility by $100 million, bringing the total to $250 million.“It allows us to stay ahead of the curve in terms of our capital structure, to execute our business plan,” Rich Perry Security Networks CEO told Security Systems News.The company is “40 percent over planned production” so far in 2012 and has had about 38 percent CAGR for the past five years....

Bank of America, Barclays, Capital One, CapitalSource, Citizens Bank, Goldman Sachs, Oak HIll Capital, PrivateBank, Rich Perry, Security Networks, Security Systems News (SSN), TDBank

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