Tag: CapitalSource Finance
Devcon secures $215m credit facility
July 13, 2011Tess Nacelewicz
HOLLYWOOD, Fla.—Devcon Security, a super-regional that has rapidly expanded into a national player in the past year, yesterday announced a new $215 million credit facility that includes $110 million in new financing. The new financing package more than doubles what was available to the company previously.
“We're ecstatic,” Robert Farenhem, president and CEO of Devcon, which is based here, told Security Systems News.
“This is a fairly substantial increase in availability over...