Vector Security: Vector Security confirms new $450M credit facility

A Warrendale firm that ranks as the nation's 4th-largest security company has entered into a new credit facility. Vector Security said in a release issued on Tuesday that the $450 million credit agreement was led by PNC Bank, administrative agent, and PNC Capital Markets LLC, sole bookrunner and joint lead arranger. Bank of America and U.S. Bank acted as joint lead arrangers and syndication agents. The agreement, which matures in June 2024, includes a $150 million increase option. Vector Security...