Brinks Home Security Seeks Fresh Capital After Botched Refi Deal

Brinks Home Security, an alarm company operated by Monitronics International Inc., has tapped PJT Partners to help raise capital, according to people with knowledge of the situation.

• The hiring came after Brinks pulled a $1.1 billion junk bond deal in October
  • Brinks failed to attract investor interest despite offering roughly 10% yield for the bond sale, which would have pushed out its debt maturity
• Brinks is expected to face liquidity strains due to upgrade of telecom technology and earnout payments tied to bulk subscriber purchases, Moody’s Investors Service wrote on Dec. 14
• The company’s $803 million of first-lien term ...