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My Alarm Center to restructure under Chapter 11 protection

April 29, 2021SSN Staff

NEWTOWN SQUARE, Pa.—Home security provider, My Alarm Center, filed for Chapter 11 protection this week, with 100 percent of its senior lenders and other key stakeholders agreeing to support the company’s prepackaged plan of reorganization that provides for elimination of approximately $235 million of legacy debt obligations, the company told Security Systems News. My Alarm Center said it will continue to operate in the “ordinary course of business” during the restructuring...

Amy Kothari, Chapter 11, My Alarm Center