Interface Pays Off Debt, Gets $45M Revolver
ST. LOUIS — Interface Security Systems (ISS) completed a $230 million senior secured notes offering, and a new $45 million revolving credit facility, provided by Capital One Bank’s security and defense team.
ISS, a portfolio company of private equity firm SunTx Capital Partners, markets cloud-based managed physical and logical service offerings to primarily large, commercial multisite customers. With more than 20 offices throughout North America, the firm has about 650 employees. The firm will use part of the new capital to repay its existing debt and to fund the future growth of the business.
“We look forward to strategically allocating the new capital, along with our substantial internal cash flow from operations, to continue growing the business, providing differentiated products and services and gaining market share,” Interface Security Systems CEO Michael Shaw says.
Banker group Imperial Capital acted as the sole book runner for the deal and advised ISS on the revolving lines of credit.
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