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Pathlight Capital Agents $50MM Senior Secured Delayed-Draw Term Facility for My Alarm Center

August 19, 2021, 07:50 AM
Filed Under: Security Systems

Pathlight Capital is serving as Agent to the recently closed, $50 million senior secured delayed-draw term loan facility (“DDTL”) for My Alarm Center, LLC, a national provider of technologically advanced security and smart home automation solutions for residential and small business customers.

The $50 million DDTL, which matures in August 2026, will be used to refinance the Company’s existing credit facility and fund strategic growth opportunities.

“The new facility with Pathlight will allow us to accelerate growth through our organic sales channel as well as bulk and strategic acquisitions,” said Amy Kothari, Chief Executive Officer of My Alarm Center. “We are excited to have
a lender who recognizes and supports the tremendous opportunities to grow and scale this business during a very unique time in our industry.”

“Pathlight is excited to support the Company in its strategic plan going forward,” said Steven Migliero, Chief Operating Officer of Pathlight Capital. “The Company is well positioned to capitalize on exciting industry opportunities to drive growth and has the right management team, sponsor, and capital structure to do so.”

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