Committed to Operating Its Business as Usual, Including Providing Powerful Home Security to Customers Without Interruption
Secures Commitment of $245 Million in Debtor-in-Possession Financing to Support Business Operations
ENGLEWOOD, Colo., July 01, 2019 (GLOBE NEWSWIRE) — Monitronics International, Inc. (Monitronics or the Company), the wholly owned subsidiary of Ascent Capital Group, Inc. (Ascent) (NASDAQ: ASCMA), today announced that it has voluntarily initiated its previously announced planned financial restructuring under Chapter 11 of the U.S. Bankruptcy Code to effectuate its partially pre-packaged Plan of Reorganization (the Plan).
Under the terms of the proposed Plan, which now has the support of holders of approximately 9…
Read the full article at: https://globenewswire.com/news-release/2019/07/01/1876595/0/en/Monitronics-International-Files-Voluntary-Chapter-11-to-Restructure-and-Strengthen-Balance-Sheet.html