U.S. Security $205 million credit facility to launch Tuesday

By Sara Rosenberg

New York, April 17 - U.S. Security Holding Inc. is scheduled to hold a bank meeting on Tuesday to launch its proposed $205 million credit facility, according to a market source.

RBS Securities is the lead bank on the deal.

The facility consists of a $40 million revolver, a $135 million term loan and a $30 million acquisition term loan, the source said.

Proceeds will be used for a recapitalization.

Senior leverage runs just over 3 times, while total leverage is at 5.1 times.

The company posted sales of $597 million and EBITDA of $41.4 million in 2005.

U.S. Security is a Roswell, Ga., provider of facility services, such as security, janitorial and maintenance services. It is a Wind Point Partners portfolio company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.