IPC Systems Holdings Corp. Watch

from S-1 39 pages Intercreditor Agreement Dated as of May 31,2007 Among IPC Systems, Inc., and Tsw Netherlands Holdings C.V., as Borrowers, Trader Acquisition Corp, as Holdings, Jpmorgan Chase Bank, N.A., as First Lien Collateral Agent, and Goldman Sachs Credit Partners L.P. as Second Lien Collateral Agent

from S-1 155 pages $315,000,000 Second Lien Credit Agreement Dated as of May 31, 2007 Among IPC Systems, Inc., as the Borrower Trader Acquisition Corp, as Holdings the Several Lenders From Time to Time Parties Hereto, Goldman Sachs Credit Partners L.P., as Administrative Agent and Collateral Agent Jpmorgan Chase Bank, N.A., and Ubs Securities LLC, as Co-Syndication Agents Cit Lending Services Corporation and Fortis Capital Corp., as Co-Documentation Agents Goldman Sachs Credit Partners L.P., and J.P. Morgan Securities Inc., as Co-Lead Arrangers and Goldman Sachs Credit Partners L.P., J.P. Morgan Securities Inc. and Ubs Securities LLC, as Joint Bookrunners

from S-1 180 pages $910,000,000 First Lien Credit Agreement Dated as of May 31, 2007 Among IPC Systems, Inc. and Tsw Netherlands Holdings C.V., as Borrowers Trader Acquisition Corp, as Holdings the Several Lenders From Time to Time Parties Hereto, Jpmorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent Goldman Sachs Credit Partners L.P. and Ubs Securities LLC, as Co-Syndication Agents Cit Lending Services Corporation and Fortis Capital Corp., as Co-Documentation Agents J.P. Morgan Securities Inc. and Goldman Sachs Credit Partners L.P., as Co-Lead Arrangers and J.P. Morgan Securities Inc., Goldman Sachs Credit Partners L.P. and Ubs Securities LLC, as Joint Bookrunners