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Read: Outlook for My Alarm Center Ownership Post Bankruptcy

Outlook for My Alarm Center Ownership Post Bankruptcy

A proposed prepackaged restructuring under Chapter 11 would hand My Alarm Center’s equity to first-lien lenders.

Read: My Alarm Center Files for Chapter 11 Bankruptcy to Eliminate Debt

My Alarm Center Files for Chapter 11 Bankruptcy to Eliminate Debt

A restructuring plan will provide for elimination of approximately $235 million of legacy debt obligation for My Alarm Center and affiliates.

Read: My Alarm Center Adds 2 Executives to Corporate Leadership Team

My Alarm Center Adds 2 Executives to Corporate Leadership Team

Evan Flamm, SVP of finance, and Chris Honigman, SVP of sales and marketing, will provide departmental oversight and continue company growth initiatives.

Read: My Alarm Center Gets $10M in Additional Funding

My Alarm Center Gets $10M in Additional Funding

The proceeds will be used to repay a portion of the company’s first-lien debt and fund growth through branch offices and recent acquisition activity.

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