EX-99.1
2
a13-18993_1ex99d1.htm
EX-99.1
Exhibit 99.1
MONITRONICS INTERNATIONAL COMPLETES ACQUISITION OF
SECURITY NETWORKS
Englewood, CO - August 16, 2013 -
Ascent Capital Group Inc. ("Ascent or the "Company") (NASDAQ: ASCMA) announced today that its primary operating subsidiary, Monitronics International, Inc. ("Monitronics"), has completed the previously announced acquisition of Security Networks, LLC for total cash consideration of $482.9 million (after giving effect to certain closing adjustments) plus 253,333 newly issued shares of Ascent Series A common stock.
The cash portion of the Security Networks purchase price was funded by cash on hand at Ascent and new debt consisting of $103.5 million of Convertible Notes issued by Ascent, $175.0 million of New Senior Notes issued by Monitronics and an Incremental Term Loan of $225.0 million issued under Monitronics' existing Credit Facility.
About Ascent Capital Group, Inc.
Ascent is a holding company and owns 100 percent of its operating subsidiary, Monitronics, one of the nation's largest, fastest-growing home security alarm monitoring companies, headquartered in Dallas, TX, and certain former subsidiaries of Ascent Media Group, LLC.
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Contact:
Erica Bartsch
Sloane & Company
212-446-1875
ebartsch@sloanepr.com

EX - 99 . 1 2 a13 - 18993 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 MONITRONICS INTERNATIONAL COMPLETES ACQUISITION OF SECURITY NETWORKS Englewood , CO - August 16 , 2013 - Ascent Capital Group Inc . ( " Ascent or the " Company " ) ( NASDAQ : ASCMA ) announced today that its primary operating subsidiary , Monitronics International , Inc . ( " Monitronics " ) , has completed the previously announced acquisition of Security Networks , LLC for total cash consideration of $ 482.9 million ( after giving effect to certain closing adjustments ) plus 253,333 newly issued shares of Ascent Series A common stock . The cash portion of the Security Networks purchase price was funded by cash on hand at Ascent and new debt consisting of $ 103.5 million of Convertible Notes issued by Ascent , $ 175.0 million of New Senior Notes issued by Monitronics and an Incremental Term Loan of $ 225.0 million issued under Monitronics ' existing Credit Facility . About Ascent Capital Group , Inc . Ascent is a holding company and owns 100 percent of its operating subsidiary , Monitronics , one of the nation ' s largest , fastest - growing home security alarm monitoring companies , headquartered in Dallas , TX , and certain former subsidiaries of Ascent Media Group , LLC . # # # Contact : Erica Bartsch Sloane & Company 212 - 446 - 1875 ebartsch@sloanepr.com