Though IMPSAT Fiber Networks Inc. has been wrangling with its bondholders over its $650 million in high yield debt, a source close to the company expects a deal to get done very quickly. However, the source would not rule out seeing the company land in bankruptcy court. A source close to the negotiations who requested anonymity said a restructuring plan “will be coming together shortly.” The source said he expected most of the bondholder debt would be converted to equity, along with a portion of the IMPSAT’s vendor debt. He declined to give a time frame.
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