HAGERSTOWN, Md. – Dynamark Monitoring, based here, has received a $15 million senior credit facility from Citizens Bank.
Dynamark recently moved its monitoring center to a larger site. The credit facility will provide financial resources to refinance existing debt, fund growth both organically and through acquisitions, and for general corporate purposes, according to a news release.
READ NEXT: Dynamark Settles into Newly Renovated HQ
“It was a pleasure working with the Citizens Bank team and their experience in this industry was a key differentiator,” says Trey Alter, CEO and president of Dynamark Monitoring. “Citizens’ expertise set the tone for the whole transaction – from the smart ideas the team brought to meetings to the great deal execution.”
SPP Advisors represented Dynamark in the transaction.
