Vivint adds $50 million to financing; surpasses RMR milestone | Security Systems News
Summary
That refinancing comes on the heels of a $72 million financing boost the company announced in February. Vivint, which is based here and changed its name from APX Alarm in February of 2011, declined to provide more details to Security Systems News about the new financing. “We are not making any additional public statements in regards to our financials at this time,” the company told SSN in late June. “Surpassing the $30 Million RMR benchmark is quite an accomplishment and is a testament to our loyal customers and employees,” said Alex Dunn, Vivint COO. “We look forward to growing our customer base with continued product innovation and a corporate focus on customer service.” Chris Black, Vivint CFO, commented, “We continue to enjoy a very strong relationship with our lenders and are pleased to have added an additional $50 Million to our existing facility, increasing the bank deal to over $800 Million.