Monitronics to sell notes for bank debt refinancing; $700 million term loan kicks off Thursday

By Paul A. Harris and Sara Rosenberg

Portland, Ore., Sept. 7 – Monitronics International Inc. is planning to sell notes as part of a debt refinancing effort, according to a market source.

The Dallas-based home security alarm monitoring company plans to kick off a $700 million term loan at a bank meeting on Thursday. Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are the bookrunners on the loan.

Proceeds will be used to refinance revolver borrowings, a term loan due in 2018 and a term loan due in 2022.

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