ASCENT CAPITAL GROUP,INC. (NASDAQ:ASCMA) Files An 8-K Other Events
Item 8.01. Other Events.
On March29, 2019, Ascent Capital Group,Inc. (“Ascent”) issued a press release announcing the expiration and results of the previously announced cash tender offer (the “Offer”) to purchase any and all of its outstanding 4.00% Convertible Senior Notes due 2020 (the “Notes”). The Offer expired at 5:00 p.m., New York City time, on March29, 2019 (the “Expiration Time”).
According to information provided by D.F. King& Co.,Inc., the tender agent and information agent for the Offer, as of the Expiration Time, $20,841,000 aggregate principal amount of Notes, or 98.77% of the aggregate principal amount of Notes outstanding, had been validly tendered and not validly withdrawn in the Offer.
Ascent expects to accept for purchase all of the Notes validly tendered (and not validly withdrawn) prior to the Expiration Time and expects to make payment for such Notes on April1, 2019.
The consideration to be paid under the Offer will be $950.00 per $1,000 principal amount of Notes with no accrued and unpaid interest to be payable. The aggregate Offer consideration for Notes validly tendered and accepted for purchase will be $19,798,950 and will be funded from cash on hand. For the avoidance of doubt, no accrued interest will be paid in respect of any Notes accepted for payment to the Offer.
A copy of the press release is filed as Exhibit99.1 hereto and incorporated by reference herein.
The information in this Current Report on Form8-K shall not constitute an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities of Ascent, nor shall there be any offer, solicitation or sale of such securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
Ascent Capital Group, Inc. Exhibit
EX-99.1 2 a19-7444_1ex99d1.htm EX-99.1 Exhibit 99.1 ASCENT CAPITAL GROUP ANNOUNCES EXPIRATION AND RESULTS OF CASH TENDER OFFER FOR ANY AND ALL OUTSTANDING 4.00% CONVERTIBLE SENIOR NOTES DUE 2020 Englewood,…
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About ASCENT CAPITAL GROUP,INC. (NASDAQ:ASCMA)
Ascent Capital Group, Inc. is a holding company. The Company’s segments include Monitronics, LiveWatch and Other Activities. The Company’s subsidiaries include Monitronics International, Inc. (Monitronics) and LiveWatch Security, LLC (LiveWatch). Monitronics provides a range of residential security services, including hands-free two-way interactive voice communication with the monitoring center, cellular options, and an interactive service option, which allows the customer to control their security system remotely using a computer or smart phone. Monitronics performs monitoring services for subscribers located in all 50 states, the District of Columbia, Puerto Rico and Canada. LiveWatch is a do-it-yourself (DIY) home security provider offering professionally monitored security services through a direct-to-consumer sales channel. LiveWatch offers a differentiated go-to-market strategy through direct response television, Internet and radio advertising.