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ASCMA - Ascent Capital Inc News Story

$0.818 0.0  5.5%

Last Trade - 30/08/19

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £375.5m
Position in Universe th / 6846

BRIEF-Monitronics International Says Emerged From Chapter 11 Protection And Has Merged With Ascent Capital Group

Fri 30th August, 2019 9:49pm
Aug 30 (Reuters) - Monitronics International Inc
 ASCPTM.UL :
    * MONITRONICS INTERNATIONAL - ANNOUNCES SUCCESSFUL EMERGENCE
FROM
CHAPTER 11
    * MONITRONICS INTERNATIONAL INC - EMERGED FROM CHAPTER 11
PROTECTION AND HAS MERGED WITH ASCENT CAPITAL GROUP
    * MONITRONICS INTERNATIONAL - CO'S LARGEST SHAREHOLDERS WILL
BE
EQT CREDIT AND BRIGADE CAPITAL MANAGEMENT
    * MONITRONICS INTERNATIONAL INC - TRADING OF NEW MONITRONICS
SHARES IS EXPECTED TO BEGIN ON OR BEFORE SEPTEMBER 4
    * MONITRONICS INTERNATIONAL INC - SHARES WILL TRADE ON OTC
MARKETS
UNDER TICKER "SCTY."
    * MONITRONICS INTERNATIONAL INC - EMERGED FROM CHAPTER 11
PROTECTION HAVING ELIMINATED APPROXIMATELY $885 MILLION OF DEBT
    * MONITRONICS INTERNATIONAL - ABOUT 14% OF 9.125% SENIOR
NOTES DUE
2020 RECEIVED CASH & REMAINDER, WITH $100 MILLION OF TERM LOANS,
WERE CONVERTED INTO EQUITY
    * MONITRONICS INTERNATIONAL INC - APPROXIMATELY $823 MILLION
OF
COMPANY'S TERM LOANS WERE CONVERTED INTO A NEW TERM LOAN
FACILITY
    * MONITRONICS INTERNATIONAL - UPON EMERGENCE FROM CHAPTER
11,
GAINED ACCESS TO $295 MILLION OF ADDITIONAL LIQUIDITY UNDER NEW
EXIT FINANCING
    * MONITRONICS - REDUCED INDEBTEDNESS AND PAID FEES AND
EXPENSES
RELATED TO RECAPITALIZATION TRANSACTIONS FROM RECEIPT OF
ADDITIONAL $200 MILLION OF CASH
    * MONITRONICS INTERNATIONAL INC - APPOINTED A NEW BOARD OF
DIRECTORS

Source text for Eikon:  ID:nGNX1p8mBj 
Further company coverage:  ASCPTM.UL 

 ((Reuters.Briefs@thomsonreuters.com;))
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