Monitronics International Enters New Era of Growth and Innovation with Successful Emergence from Chapter 11
ASCENT CAPITAL GROUP (ASCMA)
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Source: GlobeNewswire
Well-Positioned for Long-Term Growth and Success with Renewed Balance Sheet Strength and the Support of EQT and Brigade Appoints New Board of Directors with Nearly 100 Years of Combined Experience DALLAS, Aug. 30, 2019 (GLOBE NEWSWIRE) -- Monitronics International, Inc. (“Monitronics” or “the Company”) today announced that it has successfully emerged from Chapter 11 protection and has merged with Ascent Capital Group, Inc. (“Ascent”), marking the completion of the Company’s financial recapitalization. As a result of the financial recapitalization, Monitronics’ largest shareholders will be EQT Credit (“EQT”), the credit arm of EQT Partners, a global investment firm with around EUR 40 billion in assets under management, and Brigade Capital Management (“Brigade”), a global investment management firm. Trading of the new Monitronics shares is expected to begin on or before September 4, 2019. Shares will trade on the OTC Markets under the ticker “SCTY.” “This is an exciting day for Mo
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