Daily News: December 24, 2014

Prospect Provides $25MM Loan to SAFE

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

“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 more than $7 billion of capital under management, Prospect closed over $3.1 billion of new originations so far in calendar year 2014.

San Ramon, CA-based SAFE ranks among the top 25 largest security alarm companies in the U.S.