IPC, a leading provider of trading communications solutions for the financial trading community, announced today that it completed the previously announced refinancing of its existing debt with $875 million of new secured term loans. The refinancing transaction includes a $25 million revolver. The new debt matures in 2020 and 2021, replacing the prior maturities of 2015 and 2017. Other terms of the loans were not disclosed.
IPC is a leading global provider of specialized communications solutions for the financial trading community. With a 100-percent focus on this sector and over 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle including sell-side and buy-side financial institutions, inter-dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC’s offerings include a unified
communications/application platform, award-winning hard and soft turrets, managed voice and data network connectivity solutions and dedicated service and support. IPC’s global reach extends to more than 60 countries – including a network of 5,000 customer sites over 630 cities and an installed base of approximately 118,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 900 employees located throughout the Americas and the EMEA and Asia-Pacific regions.