Bear Stearns and Lehman Brothers are leading a $275 million deal for alarm monitoring company Protection One. The facility consists of a five-year, $25 million revolver and a six-year, $250 million term loan "B." The revolver is priced at LIBOR plus 3 1/4% and the "B" loan is priced at LIBOR plus 3 1/2%. Westar Energy sold its 88% stake in the company to Quadrangle Group.