IPC Acquisition Corp. Extends Exchange Offer For Its 11.50% Senior Subordinated Notes Due 2009.
NEW YORK--(BUSINESS WIRE)--June 17, 2002
IPC Acquisition Corp. today announced that the expiration date for its registered exchange offer of IPC's outstanding $150 million of 11.50% senior subordinated notes due 2009 for IPC's 11.50% senior subordinated notes due 2009 which have been registered under the Securities Act of 1933 has been extended until 5:00 p.m., New York City time, on June 21, 2002, unless further extended.
The exchange offer was scheduled to expire at 5:00 p.m., New York City time, today. As of June 17, 2002, $148.5 million of the outstanding 11.50% senior subordinated notes had been tendered in the exchange offer.
This announcement is neither an offer to purchase or exchange nor a solicitation of an offer to sell or exchange any outstanding notes or new notes.
IPC Acquisition Corp., through its wholly owned subsidiary, IPC Information Systems, Inc., is a leader in the delivery of integrated voice, video and data communications solutions to the financial trading industry. IPC's patented digital ALLIANCE MX(TM) trading system is used by the majority of its customers, and IPC believes it is currently the industry's most widely-used voice trading system, serving customers in over 34 countries. IPC's comprehensive portfolio also includes the voice over Internet Protocol (IP)-based IQMX(TM) IP trading system, TradeSmart CTI(TM) Solutions and dedicated customer care programs. IPC focuses on the financial trading environment - designing, manufacturing, installing and servicing products that allow traders to communicate with each other instantly and in a reliable manner.
IPC operates throughout the Americas, Europe, and the Asia Pacific region. For more information, visit www.ipc.com.
Statements made in this news release that state IPC's or its management's intentions, beliefs, expectations, or predictions for the future constitute " forward looking statements" as defined by federal securities laws, which involve significant risks and uncertainties. Many risks and uncertainties are inherent in the telecommunications equipment industry. Others are more specific to our operations. The occurrence of the events described and the achievement of the expected results depend on many factors, some or all of which are not predictable or within our control. Actual results may differ materially from results discussed in these forward-looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements, are, among others, risks associated with substantial indebtedness, leverage and debt service, risks relating to the performance of our business and future operating results, risks of competition in our existing and future markets, loss or retirement of key executives, risks related to the notes and to high yield securities generally, general business and economic conditions, market acceptance issues, including potential technology changes and the risks inherent in new product and service introductions and the entry into new geographic markets, as well as those risk factors described in our filings with the SEC.
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|Comment:||IPC Acquisition Corp. Extends Exchange Offer For Its 11.50% Senior Subordinated Notes Due 2009.|
|Date:||Jun 17, 2002|
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