ASCMA / Moni Problems Deepen, Lenders Terminate Support Agreement

Author: Dan Gelinas, Published on Dec 28, 2018

Ascent Capital Group, aka ASCMA, currently branded Brinks Home Security, formerly known as Moni and Monitronics faces a troubling end to a rocky 2018, as the company acknowledged that:

the Support Agreement has been terminated, effective immediately upon delivery of such notice of termination, because Ascent and MONI had materially breached the Support Agreement [emphasis added]

In this note, we examine ASCMA's problems and the risk of bankruptcy for one of North America's largest security monitoring companies.

****** ******* *****, *** *****, ********* ******* ****** **** ********, formerly ***** ** **** *** *********** ***** * ********* *** to * ***** ****, ** *** ******* ************ ****:

*** ******* ********* *** **** **********, ********* *********** **** ******** of **** ****** ** ***********, *******Ascent *** **** *** ********** ******** *** ******* ********* [emphasis added]

** **** ****, ** ******* *****'* ******** *** *** **** of ********** *** *** ** ***** *******'* ******* ******** ********** companies.

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*** ******* ****** ** ****-****** ******** **, ****, **** ** ******** *** ********* **** a ***** ** ******* *** ************ *** ******* ********** **** agreement:

*** ********* ********** **** *-* ******* (** ******* ** *** Support *********) ******** ******, **** *** *** ********** *********** **** a ****** ** *********** ***** *** ******* *********.

*** *-* ***** **** ****** ****** * ***** ******* *** further *********** ** ***** ****:

*******, ******** ******* **** ******'* ********* ** ******* *** ******* *********** *** ******* *********, *** simply ****** **** ****** ********* *** ******** ******, ** **** in *** ********* *****:

******* ****** ** *** ********/********** ********* ** *** *********** ** the ********* ** *** ****** ********* ** **** *****:

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*** ******* **** **** *** ** ******* ** **** ****.

**** **** ******* *** ** ******** ******** ********** ************** *******, *** ****** *****, ***** **** ** ***** *** ******* at **** ****.

Industry **** ***** ***

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***’* ** *****, *****, *********, *******, ***. ***** *** *********. With * *********** ** ********** ** ****** ********** *** **** will *** *** ****** ***. *** ***** ****, *** **** origination ****, ***. **** ** **********. *** ************ **** *** [EXPLETIVE], *** *** ******** **** *** * ***** ***.

*** ****** **** ** ** *** **** **** ***** *** play **** * ********-**** *** ******** ****** **** *** *** companies ***** **** *** *********** *****:

** ****, ** *** ***, **** **** ***** **** *** this **** ********** (******** ** ** *******) ****** **** ****** and ****** *** ***** ** **** ***** *********** ******** ***** company *****.

******* ** ** ******** ** ***, ***** ** ****** *** chance **** ********* **** *** * ******** ****** ** * sign **** ******** ** *** * **** ***** ** ******. Investor ********** *** ** ****** ***** ***** **** ** **** stocks ********.

**** ***** **** ******** ***** ****** *** ************ *** ****** that ** *** ***** ** * ********** ******, *********** ******* investors **** ** ***** ******** **** ***** ** *** ***********:

** ****** ***** ********** **** ********* ***'* ***, **** *** only **** ******.

Stock ******

*** *******'* ***** ***** *** ******* ~**% **** **** **** over $** ** ***** ** *****:

*** *******, **** ****** ******* ** ~$*** ******* *** * market ************** ** $* ******* ** */***** ***** ******* - an ************** *** ********* *** * ****** *******.

******, *** ***** *** ******** **** ** ********, **** * chart ** *** **** ***** ******* ******* *******:

******** ***** ***** *** ******** ****** *** *** *** ** themselves, *** **** ******* **** ****-********** ********* **** ** ****** has, **** ****** ********* ***** ********. *** ***** *****, ***** from******'* ** ******** ******, ***** *** ******* ***** ** ********* ********* ** ** up:

Comments (2)

**… ** **** * **** ******, *********, ******** ** *********** management????

**** ******** *** ***** ** *** ******** *******, ***********. * Texas ******** ******** ******** ******* *******, *** * *** *********, mid-1980s *** *** ******** ** * ***** ****** **** ******* monitoring **** ***** ** ** ***** (*** **** ** ******* My *****). ******* **********, **** ********** *** ****, ********** ****** of *******/****** *********, **** ********* *** ****** *** ******* (******** of ********** *********) *** ********* *** ******-********** ******** ** *****, renamed ***********. *** ******* *********** **** *** *** **** ******** assets(now ***** ******* ******** ********** *********) ****** ******.**** ** *** ******* ****** *****???

******: *** *****; ******* ******** *****

*** * ***** ***’* ****** *** *****

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