Tag: PNC Bank
Vector Security secures $450m credit facility
June 12, 2019SSN Staff
PITTSBURGH—Vector Security, a provider of residential and commercial security and automation solutions, announced this week it has entered into a $450 million credit agreement led by PNC Bank, with National Association as Administrative Agent; PNC Capital Markets LLC as Sole Bookrunner and Joint Lead Arranger; and with Bank of America and U.S. Bank acting as Joint Lead Arrangers and Syndication Agents.This new credit agreement provides for a $450 million revolving credit facility commitment,...
Vector receives $300 million in credit
December 7, 2016Spencer Ives
PITTSBURGH—Vector Security, a large residential and commercial security provider based here, recently entered into an agreement for a $300 million revolving credit facility.“We are looking to use the funds for growth. So, we'll be using them for acquisitions, as well as some organic growth and some projects that we're going to be working on,” Pam Petrow, Vector Security's president and CEO, told Security Systems News. The funds will also refinance some of the company's existing...