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Colorado Holding To Issue Notes for Subsidiary's Acquisition Move

GREENWOOD VILLAGE, CO-Ascent Capital's Dallas-based Monitronics seeks to acquire home-security competitor.

By David Phillips | Updated on July 12, 2013

GREENWOOD VILLAGE, CO-Ascent Capital Group, Inc. says its wholly-owned subsidiary, Monitronics Escrow Corporation, intends to offer $150 million in senior notes due 2020.

If the the company moves forward with the issuance, proceeds will be placed into escrow and will be used as part of the funding needed for Monitronics to acquire Security Networks, LLC, West Palm Beach, FL. Both companies provide home security alarm monitoring technologies.

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