“This comprehensive refinancing represents a critical milestone for iPayment,” said OB Rawls IV, Chief Executive Officer, iPayment, Inc. “We are now positioned for short- and long-term growth across all of our sales channels and we are prepared to capitalize on the new opportunities in and around the payments space. We view this as the next chapter for the Company and our entire organization is excited about the opportunities that lie ahead.”
“The completion of the exchange offer and refinancing is a tremendous accomplishment and a catalyst for accelerated growth for the Company,” noted
In accordance with the terms of the exchange offer and the tender offer, iPayment accepted all of the 9.50% Notes and shares of Common Stock validly tendered and not withdrawn. All holders of 9.50% Notes accepted for exchange will receive approximately
As part of the refinancing, the Company entered into a First Lien Credit Facility consisting of a
In connection with the refinancing, the Company obtained stockholder approval to amend Holding’s charter and noteholder approval to amend the indenture related to the 9.50% Notes.
Keywords for this news article include: iPayment Inc, Investment and Finance.
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