On April 11, 2006, Standard&Poor's Ratings Services assigned its 'B+' senior secured debt rating, with a recovery rating of '2', to Lawrence, Kan.-based Protection One Alarm Monitoring Inc.'s proposed $67 million add-on senior secured term loan. At the same time, Standard&Poor's affirmed its 'B+' corporate credit rating and its negative outlook, as well as its 'B+' debt rating and '2' recovery rating on the company's existing senior secured bank facility and its 'B-' senior subordinated debt rating. Pro forma for the proposed add-on, Protection One's senior secured bank facility will consist of a $25 million revolving credit facility (due 2010) and a $300 million term loan (due 2012). The senior secured debt rating, which is the
