FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Press Releases / Read Press Release

Print

Prospect Capital Provides $25MM to SAFE Security

December 23, 2014, 07:14 AM
Filed Under: Security Systems


Prospect Capital Corporation announced it recently provided a $25 million loan to Security Alarm Financing Enterprises, L.P. (“SAFE”), a portfolio company of ICV Partners (“ICV”), to support continued organic and acquisition-driven growth.

Based in San Ramon, California, SAFE ranks among the top 25 largest security alarm companies in the United States and stands as one of the few truly national alarm companies with operations in all 50 states, Puerto Rico, and Canada. SAFE focuses on excellence in customer service and provides a full range of monitoring, billing, collection, and marketing services for dealers in its SAFE dealer network.

“Prospect is a responsive lender that helped to structure a transaction supporting SAFE’s operating objectives, and we are pleased to have Prospect lead another financing for ICV,” said Cory Mims, a Managing Director of ICV Partners.

“We appreciate the opportunity to work with ICV to provide financing to support the growth of SAFE, a leading, national alarm monitoring company with a powerful base of long standing customer relationships,” said David Moszer, a Managing Director of Prospect Capital Management.

Currently with over $7 billion of capital under management, Prospect has closed over $3.1 billion of new originations so far in calendar year 2014.





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.