New $45 Million Revolving Line of Credit for Interface Security Systems
Imperial Capital announced the successful completion of a $230 million 9 1/4 percent senior secured notes (notes) offering for Interface Security Systems LLC, St. Louis, Mo., a provider of managed IP-based solutions. Interface is a portfolio company of SunTx Capital Partners.
Imperial also served as the exclusive advisor to Interface in arranging a new $45 million revolving credit facility (revolver), provided by Capital One, N.A., which was undrawn as of the closing. The proceeds from the notes were used in part to repay existing indebtedness and, along with the revolver, can be used to help fund future growth. Interface is a national provider of bundled physical security and secured managed network services to primarily large, commercial multi-site customers. The company believes it provides the most comprehensive internet protocol technology-enabled managed security solution in the market.