|Over a quarter ago|
Monitronics announces intention to offer new senior secured first lien notes » 07:2410/0710/07/21
Monitronics International announced that it intends, subject to market and other conditions, to offer $1.1B aggregate principal amount of Senior Secured First Lien Notes due 2028 in a private placement. The Company intends to use the net proceeds from the Notes offering, together with borrowings under its new credit facilities, to repay in full its existing credit facilities and to use any remaining proceeds for general corporate purposes. The Notes will be guaranteed, jointly and severally, on a first lien secured basis by each current and future wholly owned subsidiary of the Company that guarantees the Company's or any guarantor's other indebtedness. The Notes will be secured by liens on substantially all of the assets of the Company and the guarantors of the Notes.