PROTECTION ONE-WESTAR CAPITAL NEGOTIATIONS CONTINUE; CREDIT WAIVER AGAIN EXTENDED, TO JAN. 31
TOPEKA, Kan., and CULVER CITY, Calif.
b>Protection One announces that Westar Capital has extended its covenant waiver, under its revolving credit facility, until Jan. 31. Westar and Pro One are continuing to negotiate terms and conditions of further waivers or amendments to the credit facility. The parties also continue discussions pertaining to Westar’s proposal to acquire Pro One’s Continental Europe operations and the terms of any such transaction.
Westar Capital is an unregulated subsidiary of Western Resources, which owns approximately 85 percent of Protection One. A leading residential security alarm company, Pro One provides monitoring and related security services to more than 1.6 million residential and commercial subscribers in North America and Europe.
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