Citizens Bank led a new $75 million senior secured credit facility for Williamstown, NJ-based Lydia Security Monitoring. Citizens served as lead left arranger and administrative agent for the transaction.

Founded in 1978, Lydia is the parent company to COPS Monitoring, an independently owned provider of nationwide wholesale alarm monitoring and dealer services. The new line of credit will be used for general corporate purposes.

“We have been a client of Citizens Commercial Banking for over 18 years and we appreciate the partnership,” said Robert A. Martino, CFO of COPS Monitoring. “Citizens recognized our potential early on and has been there every step of the way supporting and facilitating our growth. With their help, we have grown from a small facility to the largest company of our type in the U.S. The Citizens team brings great ideas and seamless execution to every transaction.”

“Lydia Security Monitoring has been a great client and we’re happy to be able to offer our expertise in security alarm industry financing along with our capital markets capabilities to help them achieve their strategic and financial goals,” said Greg Buscone, senior vice president and market manager of Specialized Banking at Citizens Commercial Banking.