IPC Systems, Inc., a leading global provider of specialized communications solutions for the financial trading community, announced today that it intends to refinance its existing indebtedness with new, extended maturity secured debt facilities. The Company plans to use the net proceeds from these new secured debt facilities to fully repay its existing first lien and second lien term loan facilities and to pay related fees and expenses. While the Company expects to refinance its existing indebtedness, there can be no assurance that such new financing transactions will be consummated.
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.