Internap Technology Solutions plan accepted by most existing lenders

By Caroline Salls

Pittsburgh, April 20 – Internap Technology Solutions Inc.’s plan of reorganization was accepted by a majority of voting creditors, according to a ballot report filed Saturday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, 150 holders, or 99.34% in number, of $395.57 million, or 98.26% in amount, of existing loan claims voted to accept the plan, while one holder, or 0.66% in number, of $7 million, or 1.74% in amount, of those claims voted to reject it.

The plan confirmation hearing is scheduled for May 4.

Internap is an Atlanta-based provider of IT Infrastructure solutions. The company filed bankruptcy on March 16 under Chapter 11 case number 20-22393.

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