security house alarms
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.
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security system providers
K. , France, Germany, and Belgium rank smoke/fire detectors as the most important connected home control capability. One third of German broadband
households prefer a home security
company to provide connected home monitoring equipment and services. Utilities are the second most preferred provider but do not score more than 20% of households among any European country. From the article, "1/3 of German households prefer a home security company to provide home monitoring equipment. " Service providers can offer home controls solutions directly to the consumer or offer the services to a partner such as a utility or OEM, which then provides the service to consumers.
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security surveillance companies
Make sure to bookmark our Amazon Prime Day guide for the latest coverageSamsung has launched its own budget wireless security camera. The 1080p Samsung SmartThings Cam $90 connects via Wi Fi, but is controlled via the Samsung SmartThings app, so you can link it easily to other devices connected to the SmartThings smart home hub. Stay tuned for our review. Nest is rolling out an update to its security cameras that will prevent original camera owners
from being able to access the feeds from cameras they've sold. As uncovered by Wirecutter, Nest cameras that had been connected to the Wink smart hub through Works With Nest were still accessible to the original owner, even after the camera had been reset to its factory settings. If you purchased a
used Nest cam, you should make sure it's on the latest firmware version, which will fix this issue.
Posted by Anonymous at 3:19PM | (4 comments)