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U.S. Security Associates to launch $435 million facility on Tuesday
By Sara Rosenberg
New York, July 7 - U.S. Security Associates Inc. is scheduled to hold a bank meeting on Tuesday to launch a proposed $435 million credit facility, according to a market source.
Goldman Sachs & Co., KeyBanc Capital Markets LLC and Wells Fargo Securities LLC are the lead banks on the deal.
The facility consists of a $75 million five-year revolver, a $75 million six-year delayed-draw term loan and a $285 million six-year term loan, the source said.
Proceeds will be used to help fund the buyout of the company by Goldman Sachs Private Equity.
U.S. Security Associates is a Roswell, Ga.-based security firm.
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