Verisure €1.01 billion debt raise includes notes, secured loan

Chicago, April 29 – Verisure Holding AB said that it is aiming to raise €1.01 billion in new senior secured debt, comprised of notes and borrowings under a new senior secured term loan, according to a press release.

According to a source, the base size on the notes offering is €300 million.

Proceeds will be used to repay drawings on the issuer’s revolver, repay in full drawings under certain term facilities and pay fees and expenses.

Verisure is a Switzerland-based smart alarm system company.

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