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com/expert/Fraser Wheaton/69173Ascent Capital Group Inc. reported that the company is confident, based on the support agreement reached with its largest creditors, that it will be able to meet its financial commitments and otherwise continue to operate its business as usual throughout the restructuring period, including paying its employees, dealers and suppliers in the normal
course of business and providing home security to all of its customers. As part of the anticipated chapter 11 process, the company has secured a commitment for $245 million in
debtor in possession DIP financing that will be replaced by $295 million in exit financing at the completion of the reorganization. The support agreement contemplates that all trade claims whether arising prior to or after the commencement of the voluntary chapter 11 cases will be paid in full in the ordinary course of business, and that the company will continue operating its business without disruption to its customers, vendors, partners or employees. Ascent will, subject to, among other things, the receipt of the requisite approval of Ascent’s stockholders, merge into Monitronics. As a result of the merger, all assets of Ascent, including an anticipated approximately $23 million in cash, will become assets of Monitronics.
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In fact, on Protect America’s lowest priced package,
landline monitoring is what’s automatically offered. In a rural location, you could be covered by this company and still not have to pay a lot of money every month. There are mixed home
security system reviews on both the company and the mobile app, but most customers seem to really love what they’re getting through this company. Nest Secure makes our list of best home alarm systems partially due to all the neat gadgets that come along with it. While it’s definitely not the least expensive of the DIY installation home security options, at $399 there’s a reason why the starter kit is listed at that price. If you’re someone who’s already using Nest for your home, and you’re heavily invested in what that home automation system can offer, this is probably the perfect security system for you.
Posted by Anonymous at 3:19PM | (8 comments)