iPayment plans loan amendment to revise covenants and pricing

By Sara Rosenberg

New York, June 16 - iPayment Holdings Inc. plans to amend its credit facility to relax financial maintenance covenants and increase pricing, according to a news release.

Also, the amendment would change the restricted payments and investments negative covenants.

iPayment is a Thousand Oaks, Calif.-based provider of credit and debit card payment processing services to small merchants.

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