Reorg Credit Intelligence – 5/3/2021

Secure Home Holdings Plan to Hand Equity to 1L Lenders


Secure Home Holdings LLC and various affiliates, including My Alarm Center LLC, which provides security and smart home automation to residential and small-business customers throughout the United States, and ACA Security Systems LP, a customized home security services provider provider, filed for chapter 11 protection on Sunday night, April 25, in the Bankruptcy Court for the District of Delaware. The debtors have secured $45 million in DIP financing commitments from the majority holder of the debtors’ first lien prepetition obligations, Invesco, and the remaining first lien lenders, including $15 million of new money and a rollup of $30 million of prepetition first lien obligations. Click through to read our full case summary here:

Contact: Matt Danese