Sun 04/25/2021 22:16 PM
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Relevant Documents:
Voluntary Petition

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 tonight in the Bankruptcy Court for the District of Delaware. The company reports $100 million to $500 million in both assets liabilities. The debtors are represented by Skadden, Arps, Slate, Meagher & Flom and Chipman Brown Cicero & Cole as co-counsel, M3 Advisory Partners as financial advisor and Raymond James & Associates as investment banker. KCC is the claims agent. The case number is 21-10745. For access to the relevant documents above as well as our First Day by Reorg team's coverage of all U.S. chapter 11 cases filed since 2012 with over $10 million in liabilities including the Secure Home Holdings chapter 11 filing Request a Trial here.

Board resolutions attached to the petition authorize the filing of a proposed plan of reorganization and disclosure statement and for the debtors to obtain $45 million of DIP financing, with Seaport Loan Products LLC as co-administrative agent and Acquiom Agency Services as co-administrative agent and collateral agent.

The debtors’ list of 30 largest unsecured creditors is led by Goldman Sachs Specialty Lending Group LP with a $34 million claim, Invesco Credit Partners Master Fund II, LP with a $15 million claim, Invesco Senior Floating Rate Fund with a $11.4 million claim, Woodforest National Bank with respect to a $6.8 million PPP loan, First Midwest National Bank with a $6.1 million claim and CIT Bank, N.A. with a $6 million claim.

The debtors’ equityholders include:

The affiliated debtors include ACA Security Systems GP, LLC, ACA Security Systems, LP, Hawk Creation, LLC and My Alarm Center, LLC.

Reorg First Day will provide a full summary once the first day briefing is complete.
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