SAFE Security Refinances; Will Use $130M in Capital for Growth
SAFE Security has been making headlines since its launch of a monitored do-it-yourself offering and expansion of its dealer program.
SAFE Security, San Ramon, Calif., has been making headlines ever since it was acquired by ICV Partners in early December of last year with its two-part acquisition of Pinnacle Security accounts, the launch of a monitored do-it-yourself (DIY) offering and expansion of its dealer program.
Most recently, Paul Sargenti, president and chief executive officer of SAFE Security announced that Bank of America leads a five bank syndicate that has refinanced SAFE Security’s senior debt facility. The new facility provided by the Bank of Montreal, One West Bank, Madison Capital, and U.S. Bank in addition to the Bank of America provides SAFE Security with $130 million of capital to pursue its growth strategy.