Ascent Capital Group, Inc. and its wholly owned subsidiary, Monitronics International, Inc. announced that Ascent, MONI, and the Requisite Consenting Noteholders which provide the requisite consent for noteholders holding $380 million or 65% of MONI's 9.125% Senior Notes due 2020 (such noteholders, the “Consenting MONI Senior Noteholders”, and such notes, the “Old MONI Notes”) have amended and restated the existing Transaction Support Agreement, originally dated September 24, 2018, among Ascent, MONI and the Consenting MONI Senior Noteholders (as amended and restated through the date hereof, the “Amended Transaction Support Agreement”) and that holders of more than 50% of MONI's $1.1 billion term loan (the “Term Loan” and such holders of the Term Loan, the “Consenting Term Loan Lenders”) under MONI's Amended and Restated Credit Agreement, dated as of March 23, 2012, among MONI, as borrower, Bank of America, N.A., as administrative agent and letter of credit issuer, Citibank, N.A. and Credit Suisse AG, Cayman Islands Branch, as co-syndication agents, U.S. Bank National Association, as documentation agent and the lenders from time to time party thereto (as subsequently amended from time to time, the “Credit Agreement”) have joined and agree to be bound by the Amended Transaction Support Agreement. Pursuant to the terms of the Amended Transaction Support Agreement, the Consenting Term Loan Lenders have agreed to consent to certain amendments of the Credit Agreement that governs the Term Loan to accommodate the proposed second lien exchange and related transactions (the “Proposed Exchange Transactions”) contemplated in the Amended Transaction Support Agreement and the related Term Sheet annexed thereto (the “Term Sheet”), which collectively set forth the terms and conditions of the Proposed Exchange Transactions. The Proposed Exchange Transactions will be subject to certain terms and conditions, including those more particularly described in the Amended Transaction Support Agreement and the Term Sheet annexed thereto.

When available, a confidential offering memorandum relating to the Proposed Exchange Transactions and setting forth these terms and conditions will be distributed to eligible holders. For additional information regarding the Proposed Exchange Transactions, which includes as an exhibit thereto the Amended Transaction Support Agreement together with the Term Sheet annexed thereto. Under the Amended Transaction Support Agreement, consistent with the original Transaction Support Agreement, MONI would make an offer to eligible holders to exchange Old MONI Notes for new second lien notes that would be issued by MONI (“MONI Second Lien Notes”) and solicit the consent of such holders to certain amendments to the indenture governing the Old MONI Notes that would eliminate or waive substantially all restrictive covenants and events of default.

Pursuant to the Amended Transaction Support Agreement, the Consenting MONI Senior Noteholders have agreed to support and fully participate in such offer. The new deadline for Ascent and Moni to commence solicitation of the Proposed Exchange Transaction is November 2, 2018.