St. Louis, MO – September 22, 2011
Alarm Financial Services, Inc. (“AFS”) has secured a new revolving credit facility with RBS Citizens, N.A. This facility increases the debt funding available to AFS by more than 50%. The Edmonds Group represented AFS in the transaction.
“We are very pleased to be entering this new partnership with RBS Citizens, N.A. for a significantly larger debt facility. The new facility will allow us to continue our 25 year track record as a leading funding source for alarm dealers,” said James F. Wooster, CEO of AFS. “The increased access to capital enables us to keep growing our funding business and expand our loan program. The loan program has been very popular since we began it in 2006.”
“AFS has a strong management team with deep experience the alarm industry. It is a tribute to AFS that a leading industry lender like RBS Citizens, N.A. is willing to provide them with a significant new facility,” said Henry Edmonds, Founder and President of The Edmonds Group.
“We at AFS appreciate the way that The Edmonds Group helped us to identify our key goals, found us the best bank partner, and worked through all the details to ensure that the deal closed in a timely manner,” said Wooster.
About Alarm Financial Services, Inc.
AFS (www.alarmfunding.com) provides funding programs from $20,000 to $2,000,000 to small and medium-sized security, fire alarm and Personal Emergency Response System (PERS) companies. Founded in 1987, AFS is the oldest such funding company serving the alarm industry. The company owns and manages thousands of alarm monitoring contracts throughout the United States. AFS can be reached at (866) 204-9350 or firstname.lastname@example.org.
About RBS Citizens, N.A.
RBS Citizens, N.A. is a division of Citizens Financial Group, Inc. (www.citizensbank.com), a $132 billion commercial bank holding company. It is headquartered in Providence, RI, and through its subsidiaries has more than 1,500 branches, approximately 3,900 ATMs and more than 20,900 colleagues. It operates its branch network in 12 states and has non-branch retail and commercial offices in more than 30 states.
About The Edmonds Group, LLC
Founded in 2006, The Edmonds Group (www.theedmondsgroup.com) is a specialized investment bank focused on recurring revenue industries with a particular emphasis on the security alarm industry. Since inception, The Edmonds Group has closed over $2 billion in capital raising and M&A transactions.Tags: Alarm Financial Services, Alarm Industry, debt facility, financing, Personal Emergency Response System, The Edmonds Group
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