Recapitalization & Growth Capital

02.01.18

Technology-enabled security monitoring firm completes recapitalisation

Interface Security Systems, headquartered in Earth City, MO, manages a broad range of secure, IP-based security solutions, including traditional physical access control, interactive audio and video surveillance, secured managed broadband and business intelligence services for large retail and commercial customers.

In 2017, Interface sought an approximately $500 million refinancing to establish a new capital structure to facilitate strategic growth and expansion. Prudential Capital Group provided a unique junior capital solution consisting of $100 million of subordinated notes and $80 million of preferred equity alongside a newly syndicated bank facility.

Interface chose to partner with Prudential Capital Group based on certainty of execution, Prudential Capital’s ability to underwrite business model and balance sheet complexity and confidence in the growth orientation of the new capital structure, as the company seeks to continue to deliver industry-leading organic growth. Interface also valued Prudential Capital’s relationship-focused approach.

Imperial Capital served as financial advisor and placement agent on the transaction. Interface is majority owned by SunTx Capital Partners.