The financings included a EUR950million multicurrency revolving credit facility, EUR1.215bn Term Loan A and EUR1.25bn Term Loan B, as well as EUR1bn senior secured PIK toggle notes. The term loans refinanced existing debt, and the PIK notes funded a distribution to sponsor Hellman & Friedman. The revolving credit facility will provide Verisure with additional flexibility and liquidity going forward.
Verisure is the leading provider of professionally monitored security services in Europe and Latin America, and a portfolio company of Hellman & Friedman.