Monitronics draws from revolver, issues term B debt for acquisition

By Marisa Wong

Madison, Wis., Oct. 29 - Ascent Capital Group, Inc. announced that its wholly owned subsidiary, Monitronics International, Inc., used its existing revolving credit facility and issued $30 million of incremental term B debt to fund an acquisition of subscriber accounts from Pinnacle Security.

Monitronics said in a press release that it expects to refinance its revolver though a new senior secured term B offering.

Monitronics is a Dallas-based alarm monitoring company.

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