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Monitronics readies launch of $700 million term loan for Thursday
By Sara Rosenberg
New York, Sept. 7 – Monitronics International Inc. will hold a bank meeting on Thursday to launch a $700 million six-year term loan, according to a market source.
Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are the bookrunners on the deal.
Proceeds will be used to refinance revolver borrowings, a term loan due in 2018 and a term loan due in 2022.
Other funds for the refinancing will come from a notes offering, the source added.
Monitronics is a Dallas-based home security alarm monitoring company.
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