Citizens Leads $75 million Credit Facility for COPS Parent, Lydia Security Monitoring
Citizens Bank announced it is leading a new $75 million senior secured credit facility for Williamstown, N.J.-based Lydia Security Monitoring Inc. (Lydia), the parent company to COPS Monitoring, an independently owned provider of nationwide wholesale alarm monitoring and dealer services.
The new line of credit will be used for general corporate purposes. Citizens served as lead left arranger and administrative agent for the transaction.