Brief: Monitronics International, Inc. Says Co To Commence Voluntary Prepackaged Chapter 11 Proceedings On Or Around May 15th

Monitronics International

09/05/2023 04:44

May 8 (Reuters) - Monitronics International Inc
 SCTY.PK :
    * MONITRONICS INTERNATIONAL, INC. ENTERS INTO RESTRUCTURING
SUPPORT AGREEMENT TO REDUCE DEBT BY ~$500MM
    * MONITRONICS TO COMMENCE VOLUNTARY PREPACKAGED CHAPTER 11
PROCEEDINGS ON OR AROUND MAY 15TH
    * MONITRONICS INTERNATIONAL - OPERATIONS WILL CONTINUE IN
NORMAL
COURSE WITHOUT INTERRUPTION OR IMPACT TO CUSTOMERS, PARTNERS, OR
EMPLOYEES
    * COMPANY WILL EMERGE WITH APPROXIMATELY $600 MILLION IN
EXIT
FINANCING.
    * MONITRONICS - CO HAS HAS RECEIVED COMMITMENTS FOR
APPROXIMATELY
$387 MILLION IN NEW MONEY FINANCING DURING CHAPTER 11 CASES FROM
EXISTING LENDERS

Source text for Eikon:  ID:nBw4wNHha 
Further company coverage:  SCTY.PK 

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