Founded in 1859 and headquartered in Dallas, Texas, Brinks Home is a leading provider of home security solutions across the U.S., Canada, and Puerto Rico. The company offers 24/7 professional monitoring services for alarms responding to fires, burglaries, carbon monoxide, and medical alerts.
Brinks Home also provides advanced home automation capabilities, including remote activation and control of security systems, video monitoring, flood sensors, automated garage door and door lock features, and thermostat integration, all accessible via mobile devices.
La necesidad: Reduce higher‑cost term debt and fund opportunistic acquisitions
Brinks Home was consistently generating free cash flow and wanted to implement a bank priced facility with scale for repayment of more expensive term debt. They also sought quick access to a bank revolving line of credit for opportunistic portfolio acquisitions, along with a cushion for ongoing operations and other corporate needs. The goal was to secure a financing solution that would provide flexibility and act as maintenance funding.
La solución: A Super Senior Structure
PNC Business Credit delivered a $200,000,000 Super Senior Secured Facility, solely underwritten and led by PNC. The facility provides Brinks Home with resources for systematic term‑debt paydowns, rapid portfolio acquisitions, working capital funding, and transaction‑related fees and expenses.
We needed a partner that could meet the full scope of our capital needs, and PNC came in above the competition.
El resultado: Strengthening the Foundation
"When evaluating lenders, facility size was crucial. We needed a partner that could meet the full scope of our capital needs, and PNC came in above the competition. The $200m revolving credit facility allowed us to pay down more expensive debt and put our balance sheet in a stronger position”, stated Sava Tsvetko, CFA, EVP & CFO of Brinks Home, “It has also given us real flexibility in how we run the business day-to-day. And just as important, the experience was seamless - the PNC team was professional, responsive, and made a complex process feel simple."
With PNC, Brinks Home achieved:
- Partial repayment of existing term debt
- Liquidity for ongoing working capital and corporate needs
- Coverage of transaction-related fees and expenses
Construyamos su futuro prometedor
At PNC Business Credit, we combine decades of experience with confidence of execution to help businesses thrive. Ready to explore how we can support your growth? Let’s talk.
