Imperial Capital said it served as the exclusive advisor in arranging a new $45 million revolving credit facility for Interface Security Systems. The financing was provided by Capital One and was undrawn as of the closing.
Imperial also announced the successful completion of a $230 million 9 1/4% senior secured notes offering for Interface Security, a portfolio company of SunTx Capital Partners.
The proceeds from the notes were used in part to repay existing indebtedness and, along with the revolver, can be used to help fund future growth. Interface is a national provider of bundled physical security and secured managed network services to primarily large, commercial multi-site customers.
“Imperial Capital was an exceptional partner during our successful financing efforts, as we collectively structured and marketed the Notes and negotiated the Revolver. We are extremely pleased with the outcome of the offering. We look forward to strategically allocating the new capital, along with our substantial internal cash flow from operations, to continue growing the business, providing differentiated products and services and gaining market share,” said Michael Shaw, CEO of Interface Security Systems.
Imperial Capital is a full-service investment banking firm that offers proprietary products and services to institutional investors, middle-market companies and private equity firms.
SunTx Capital Partners is a private equity investment partnership that works closely with management teams to buy and build middle-market companies.