iPayment Closer to Solving Its Debt Problems – CFO Magazine

iPayment Closer to Solving Its Debt Problems
CFO Magazine
… bonds are being offered $285 million in new bonds due in 2019 and 61.5% of the common stock of iPayment’s parent company; holders of the PIK notes are being offered $30 million in new bonds, 18.5% common stock and warrants to purchase more stock.
IPayment Extends Deadline But Has Restructuring SupportWall Street Journal

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