Ascent Capital Group Announces Pricing of $90 Million of Convertible Senior Notes Due 2020

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Ascent Capital Group, Inc. (Nasdaq: ASCMA) announced the pricing on July 11, 2013 of an offering of $90 million of its 4.00% Convertible Senior Notes due 2020 (the “convertible notes”). Ascent intends to use the proceeds from the offering, together with the proceeds from the offering of $175 million 9.125% senior notes due 2020 (the “add-on notes”) by Monitronics Escrow Corporation, a wholly-owned subsidiary of Ascent, and an expected $225 million new term loan of Monitronics International, Inc., the wholly-owned operating subsidiary of Ascent, to fund a portion of the purchase price for the previously announced acquisition of Security Networks, LLC by Monitronics. If the Security Networks acquisition is not completed for any reason, Ascent will use the proceeds of this offering for general corporate purposes, however the proceeds of the issuance of the add-on notes will be used to redeem the add-on notes.