Alarm Company Secure Home Holdings Files Bankruptcy in Delaware

Secure Home Holdings filed for bankruptcy Sunday with a plan to hand control to creditors.

The company, which provides home and commercial alarm systems, listed assets and liabilities of $100 million to $500 million each. Secure Home owes first-lien lenders about $197 million and second liens $34 million, according to court papers.

A proposed reorganization plan filed Monday will give first-lien creditors led by Invesco Ltd. ownership of the company and pay secured claims in full. Those lenders are also providing $15 million in new debtor-in-possession financing in addition to $30 million in so-called roll-up money owed to them. ...