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Protection One gets extension on standstill agreements to Sept. 27
By Jeff Pines
Washington, Sept. 22 - Protection One Inc. obtained another extension to its standstill agreements, this time giving the company until Sept. 27.
The company's previous standstill agreements ended Sept. 20.
The agreements are with the Quandrangle Group LLC, which is the Topeka, Kan.-based alarm monitoring company's majority shareholder and banker. Quandrangle is the lender on the company's revolver, which has $215.5 million outstanding.
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