Goldman Sachs Specialty Lending Group L.P. to Lead New Credit Facility
PROVO, Utah -- APX Alarm, one of the nation’s largest residential security companies, today announced that it has completed a $440 million credit facility agreement with a group of lenders led by Goldman Sachs Specialty Lending Group.
The credit facility will be used to help fuel the growth of the company for the next few years. APX currently services over 375,000 customers through North America which is over a 30 percent increase from 2008.
“The fact that we raised a credit facility of $440 million in the current economic environment validates that we are one of the premiere residential security companies in North America,” said APX Alarm Chief Operating Officer, Alex Dunn. “This is a real credit to our management team and the thousands of employees who provide world class service to our customers.”
In 2008, 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 handles nearly 1.5 million telephone calls, emails and faxes from customers annually. The company’s accelerated growth has led to the construction of its new corporate campus which is nearing completion. Occupancy of the new 125,000 square foot corporate headquarters is expected December 2009.
About APX Alarm
APX Alarm’s mission is to help families protect and secure their future. Now in its 10th year of operations, APX Alarm is one of the fastest growing national security alarm companies providing world-class customer support and service to hundreds of thousands of customers throughout North America. Currently, it is ranked #7 in the SDM list of the largest 100 security installation and monitoring companies. Additional corporate information can be found by visiting our website.