Tue 08/10/2021 15:30 PM
IPC Systems has reached an agreement in principle with 100% of its second lien lenders on an out-of-court restructuring, according to a private document dated Aug. 9 posted to lenders and reviewed by Reorg. The company said in the disclosure that it expects to complete the transaction “expeditiously.”
As part of the transaction, the communications services provider for financial firms has obtained committed third-party financing to repay and refinance all of its first lien loans, the...
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