Reorg Credit Intelligence – 5/3/2021
Secure Home Holdings Plan to Hand Equity to 1L Lenders
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Secure Home Holdings LLC and various affiliates, including My Alarm Center LLC, which provides security and smart home automation to residential and small-business customers throughout the United States, and ACA Security Systems LP, a customized home security services provider provider, filed for chapter 11 protection on Sunday night, April 25, in the Bankruptcy Court for the District of Delaware. The debtors have secured $45 million in DIP financing commitments from the majority holder of the debtors’ first lien prepetition obligations, Invesco, and the remaining first lien lenders, including $15 million of new money and a rollup of $30 million of prepetition first lien obligations. Click through to read our full case summary here: https://reorg.com/secure-home-holdings-bankruptcy/
Contact: Matt Danese
mdanese@reorg.com
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