E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers I > Headlines for iPCS, Inc. > News item
Published on 3/3/2009 in the Prospect News High Yield Daily.

iPCS to pay Aug. 1 interest on notes in-kind

By Susanna Moon

Chicago, March 3 - iPCS, Inc. elected to pay the Aug. 1 interest payment on its second-lien pay-in-kind notes by increasing the principal amount of the notes, according to a 10-K filing with the Securities and Exchange Commission.

The company said it has made no other decisions regarding the future use of PIK interest.

Based in Schaumburg, Ill., iPCS owns and operates Sprint Nextel's nationwide PCS network.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.