Goldman Sachs Specialty Lending Group L.P. to Lead Credit Facility
PROVO, Utah -- APX Security Solutions Inc., one of the nations largest residential security alarm companies, today announced that it has completed a new $215 million credit facility with a group of lenders led by Goldman Sachs Specialty Lending Group. L.P.
The credit facility will provide a funding source to help fuel the growth the company has had over the last few years. Since its founding in 1999, the company has experienced phenomenal growth. This year alone the company has installed over 185,000 new customers in 103 markets and has more than 4,000 employees nationwide.
"We are pleased to announce this facility," said APX Alarm Chief Operating Officer, Alex Dunn. "With the credit crunch gripping the country today, the families we protect can be assured of our financial stability which is allowing us to execute our strategy to provide them the best service in the industry."
Earlier this month, APX Alarm was recognized for call center operation customer satisfaction when it received the J.D. Power and Associates"Outstanding Customer Service Experience" certification. The call center now supports over 400 full-time positions and handles nearly 1.5 million telephone calls, emails and faxes from customers annually. The company's growth of operations is leading to the building of a new corporate campus in Provo beginning with ground breaking ceremonies next week on Sept. 11, 2008.
About APX Alarm
APX Alarm, www.apxalarm.com, provides residential security to customers throughout North America. Since its founding in Provo, Utah in 1999, APX has installed nearly 500,000 home security systems nationwide. The company has an average growth rate of 105 percent since it began operations. Additional information can be found by visiting our web site.