Security Networks boosts facility to $250 million with four new banks

By Susanna Moon

Chicago, April 30 - Security Networks, LLC said it expanded its credit facility by $100 million by adding four banks, lifting the company's total borrowing capacity to up to $250 million.

Goldman Sachs Specialty Lending Group remains the lead agent in the loan syndicate, which was expanded to eight banks with the new financing, according to the company's press release.

The additional borrowing capacity "will enable us to continue expanding our geographic footprint and accelerating our growth initiatives," Richard Perry, president and chief executive officer of Security Networks, said in the release.

Security Networks is a West Palm Beach, Fla.-based provider of home security services.

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