Monitronics term lender group participates in comprehensive restructuring and extension of DIP financing for Monitronics International, Inc.
Client(s) Monitronics term lender group
Jones Day is representing a group of lenders holding approximately $1 billion of secured term loans issued by Monitronics International, Inc., which, together with its affiliates, filed partially prepackaged chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas on June 30, 2019. At the first day hearing on July 1, 2019, Judge David R. Jones approved all of the first-day relief requested by the company, including interim approval of a $245 million DIP facility being provided by certain members of the term lender group. A hearing on confirmation of the plan has been set for August 7, 2019.