U.S. Security to launch $525 million credit facility on Tuesday

By Sara Rosenberg

New York, June 20 – U.S. Security Associates is scheduled to hold a bank meeting at noon ET in New York on Tuesday to launch a $525 million credit facility, according to a market source.

Goldman Sachs & Co., KeyBanc Capital Markets and ING are the leads on the deal.

The facility consists of a $75 million revolver and a $450 million term loan B, the source said.

Proceeds will be used to refinance existing debt.

U.S. Security Associates is a Roswell, Ga.-based safety and security services company.

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