Allied Security to hold bank meeting Tuesday for $250 million loan

By Paul A. Harris

St. Louis, June 28 - Allied Security Inc. will hold a bank meeting Tuesday for a $250 million credit facility, according to a market source.

Bear Stearns will lead the deal, which is expected to be structured with a small revolving credit facility and a larger term loan B.

The company is also in the market with $175 million of seven-year senior subordinated notes, with Bear Stearns running the books.

Proceeds will be used to fund the acquisition of Barton Protective Services.

Allied Security is a King of Prussia, Pa.-based private security company.

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