home alarm systems monitoring

home security protection

reported that the company is confident, based on the support agreement reached with its largest creditors, that it will be able to meet its financial commitments and otherwise continue to operate its business as usual throughout the restructuring period, including paying its employees, dealers and suppliers in the normal course of business and providing home security to all of its customers. As part of the anticipated chapter 11 process, the company has secured a commitment for $245 million in debtor in possession DIP financing that will be replaced by $295 million in exit financing at the completion of the reorganization. The support agreement contemplates that all trade claims whether arising prior to or after the commencement of the voluntary chapter 11 cases will be paid in full in the ordinary course of business, and that the company will continue operating its business without disruption to its customers, vendors, partners or employees. Ascent will, subject to, among other things, the receipt of the requisite approval of Ascent’s stockholders, merge into Monitronics. As a result of the merger, all assets of Ascent, including an anticipated approximately $23 million in cash, will become assets of Monitronics. Ascent’s stockholders are expected to receive approximately up to 5. 82 percent of the total shares of Monitronics common stock expected to be issued and outstanding immediately following completion of the reorganization and merger, but subject to dilution by certain shares issued under a management incentive plan for the company, in exchange for all then issued and outstanding shares of Ascent common stock. If, however, Ascent is expected to hold cash equal to or in excess of $20 million but less than the target cash amount as of the date of completion of the reorganization of Monitronics under the plan, the stockholders of Ascent will receive a proportionately lower percentage of shares of Monitronics common stock, and certain participants in the equity rights offering have agreed to contribute the shortfall. If Ascent is expected to hold less than $20 million in cash as of the date of completion of the reorganization of Monitronics under the plan, the merger will not be consummated, and certain participants in the equity rights offering have agreed to contribute the full target cash amount. Under the terms of the support agreement, Ascent must obtain approval for the merger from its stockholders within 65 days following the date on which Monitronics commences the chapter 11 cases. If the merger is not approved within 65 days following the petition date or the merger is not completed on the effective date of the plan for any reason, the merger will not occur, and the restructuring of Monitronics will be completed without the participation of Ascent.

monitored alarm companies

For example, if you travel, you might need to remotely unlock your doors for family or guests, turn your lights on and off to make it look like you’re home, turn your thermostat up if an extended freeze is expected, high quality security cameras and doorbell cameras to monitor your home and property while you’re not there. You will also want all the basic security equipment as well, such as a control panel, window and door sensors, motion detectors, environmental protection sensors to protect your home from intruders or potential disasters such as a fire or pipe break, etc. If you are a senior, there are some extra security and home automation features you might consider in addition to the basics. For example, if you have mobility issues, you will probably want as many home automation features as you can get your hands on. These will allow you to remotely access, monitor, and control your entire home security system and much of your home’s equipment such as door locks, window blinds, small appliances, thermostat, garage door, and more. Having such features will enable you more flexibility with remote or voice controls and without having to physically handle these systems manually.