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Cases & Deals

August 30, 2019

Monitronics International, Inc. Successfully Emerges From Chapter 11

Monitronics International, Inc., a leading provider of home security services and the wholly owned subsidiary of Ascent Capital Group filed for Chapter 11 on July 1, 2019. K&S acted as co-lead restructuring and bankruptcy counsel for Monitronics in its Chapter 11 prepack filed in the S.D. of Texas pursuant to which Monitronics eliminated approximately $885MM in debt and emerged from Chapter 11 in what it believes is the strongest balance sheet in its industry. The K&S attorneys on the matter were extensively involved in both the pre-bankruptcy efforts and all aspects of the DIP financing, Plan, Disclosure Statement and other aspects of the Chapter 11 cases.