The Brinks Home Security operator’s bankruptcy plan confirmation hearing is scheduled for Aug. 7, falling within the timeline mandated by the co.’s restructuring support agreement.
- Judge David R. Jones also grants access to DIP financing in a hearing in Houston less than a day after Monitronics filed for Chapter 11 protection
- DIP facility provides $245 million of new money and refinances $181.4 million of pre-petition debt
- “The fact that today’s hearing was almost uneventful reflects the degree to which you’ve put in a lot of work,” Jones says of the pre-negotiated bankruptcy
- EARLIER: Monitronics, Brinks Home Security Operator, Files Bankruptcy. ...
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