APX Alarm Security Solutions Inc. Increases Credit Facility to $440 Million

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Mon Oct 5, 2009 12:14pm EDT

Goldman Sachs Specialty Lending Group L.P. to Lead New Credit Facility
PROVO, Utah--(Business Wire)--
APX Alarm, one of the nation`s largest residential security companies, today
announced that it has completed a $440 million credit facility agreement with a
group of lenders led by Goldman Sachs Specialty Lending Group.

The credit facility will be used to help fuel the growth of the company for the
next few years. APX currently services over 375,000 customers through North
America which is over a 30 percent increase from 2008. 

"The fact that we raised a credit facility of $440 million in the current
economic environment validates that we are one of the premiere residential
security companies in North America," said APX Alarm Chief Operating Officer,
Alex Dunn. "This is a real credit to our management team and the thousands of
employees who provide world class service to our customers." 

In 2008, APX Alarm was recognized for call center operation customer
satisfaction when it received the J.D. Power and Associates "Outstanding
Customer Service Experience" certification. The call center handles nearly 1.5
million telephone calls, emails and faxes from customers annually. The company`s
accelerated growth has led to the construction of its new corporate campus which
is nearing completion. Occupancy of the new 125,000 square foot corporate
headquarters is expected December 2009. 

About APX Alarm Security Solutions Inc.

APX Alarm`s (www.apxalarm.com) mission is to help families protect and secure
their future. Now in its 10th year of operations, APX Alarm is one of the
fastest growing national security alarm companies providing world-class customer
support and service to hundreds of thousands of customers throughout North
America. Currently, it is ranked #7 in the SDM list of the largest 100 security
installation and monitoring companies. Additional corporate information can be
found by visiting our website.

APX Alarm
Stuart Dean, 801-705-6293
Director of Corporate Communications at APX Alarm
sdean@apxalarm.com



Copyright Business Wire 2009

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