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Monitronics repays term B, B-1 loans, revolver with credit facilities
By Tali Rackner
Norfolk, Va., Oct. 3 – Monitronics International, Inc. retired about $403.8 million of its existing term loan B due March 2018 and about $543 million of its existing term loan B-1 due April 2022 with the proceeds from a new $295 million super priority revolving credit facility and an upsized $1.1 billion six-year senior secured term loan B, according to an 8-K filing with the Securities and Exchange Commission.
Net proceeds were also used to repay a portion of the company’s existing revolver.
Monitronics is a Dallas-based home security alarm monitoring company.
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