IPayment Extends Deadline But Has Restructuring Support – Wall Street Journal

IPayment Extends Deadline But Has Restructuring Support
Wall Street Journal
Bondholders owed $132 million in pay-in-kind notes are being offered $30 million in new bonds, 18.5% common stock and warrants to purchase another 40%. These bondholders have tendered at a rate of 93.7% and 97% respectively, giving iPayment …

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