Current updates are not available. Earlier updates remain below for historical context and may no longer reflect the case’s current position.
Earlier updates
These updates were replaced by later case developments and may no longer reflect the current case.
The court approved Monitronics' disclosure statement and confirmed its joint partial prepackaged Chapter 11 plan at the June 26 hearing, moving the May 15 cases from launch to confirmed plan in about six weeks. The confirmation record showed no remaining formal or informal objections, and the court entered the confirmation order approving the disclosure statement and plan. Voting support was essentially complete: Class 3 2019 Takeback Term Loan claims accepted unanimously among voters, covering 126 claims totaling about $783.4 million, while Class 7 equity interests accepted by 99.98% of voting equity holders.
The plan architecture combines a $301.6 million debt rights offering and a $100 million equity rights offering, with new common equity issued under the reorganized structure and new exit facility documents approved as core implementation pieces. The Chapter 11 plan also provides for estate assets to vest in the reorganized debtors on the effective date, subject to the plan and exit facility documents. For restructuring professionals, the key point is that Monitronics cleared confirmation without a live fight and shifted the case focus to consummation, exit financing, and effective-date distributions rather than plan litigation.
