Argyle Security sells $10.45 million of convertibles to MML Capital

By Devika Patel

Knoxville, Tenn., Dec. 14 - Argyle Security, Inc. said it sold $8 million of convertible subordinated bridge notes and $2.45 million of convertible subordinated promissory notes in a private placement with MML Capital Partners.

Proceeds will be used for debt repayment, working capital and general corporate expenses.

Based in San Antonio, Texas, Argyle is a provider of services and solutions in the physical electronic security industry.

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