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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.