Macquarie provides $46 million commitment to a senior/subordinated credit facility for My Alarm Center
01 Jan 2014
Macquarie provided up to a $46 million commitment to a senior/subordinated credit facility for My Alarm Center (a.k.a. Alarm Capital Alliance), a nationwide provider of residential security and alarm monitoring services. The Macquarie commitment enabled My Alarm Center to complete an acquisition of Hawk Security Services Residential Division.
While under time pressure due to the nature of the acquisition, the Macquarie team focused on an efficient execution and quickly progressed from a signed term sheet to successful closing. The facility was structured to provide additional capital for growth beyond the acquisition to help My Alarm Center continue to grow its platform through attracting and acquiring new customers.