NAPCO Closes $23.5 Million Credit Facility With HSBC
NAPCO Security Technologies, Inc., a supplier of high performance electronic security equipment, has closed on a, $23 million credit facility under a new financing arrangement with its primary bank, HSBC Bank USA.
Highlights of the financing include:
The company said in its press release, “We are very pleased with the continuing loyalty and commitment that we have with HSBC. NAPCO and HSBC have a long-standing partnership and, with this new facility, we look forward to many more years of continued growth and prosperity.”
NAPCO Security Technologies, Inc. is a manufacturer of technologically advanced electronic security equipment including intrusion and fire alarm systems, access control and door locking systems.