IPC Systems Announces Comprehensive Agreement to Reduce Debt and Provide Significant Equity Capital to Support Long-Term Business Plan

 IPC Systems Announces Comprehensive Agreement to Reduce Debt and Provide Significant Equity Capital to Support Long-Term Business Plan

Agreement Includes $125 Million in New Investments from SVPGlobal and Centerbridge Partners; Total Debt Reduction of More Than $400 Million

SVPGlobal and Centerbridge Partners Will Be Significant Equityholders

NEW YORK, Oct. 1, 2021 /PRNewswire/ — IPC Systems, Inc. (“IPC” or the “Company”), a leading global provider of secure, compliant communications and networking solutions for the global financial markets, today announced that it has entered into a Transaction Support Agreement (the “Agreement”) with its key stakeholders, which will reduce the Company’s debt by over $400 million, extend its debt maturity schedule by 5 years, and provide new capital of $125 million to deliver the resources for investment in long-term growth strategies.

Bob Santella, CEO of IPC, commented: “The balance sheet enhancements we are announcing today will allow us to continue building a robust future for IPC and strengthen our partnership with employees,…

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