May 20, 2018 4:31 PM ET

Commercial Services and Supplies

Company Overview of ILD Corp.

Company Overview

ILD Corp. provides back office support solutions to digital media, ecommerce, healthcare, and communications companies that conduct business online and over the phone. It offers payment processing services, which include local exchange carrier and phone billing, direct billing, credit card processing, automated clearinghouse processing, phone billing, and various risk management and fraud prevention services. The company also provides conferencing services, such as audio conferencing and Web collaboration tools to businesses. In addition, it offers global calling cards that provide various optional features, such as conferencing, voicemail, and speed dial. Further, the company provides colla...

5000 Sawgrass Village Circle

Suite 30

Ponte Vedra Beach, FL 32082

United States

Founded in 1996

Phone:

904-273-2440

Fax:

904-285-3616

Key Executives for ILD Corp.

Founder, Chairman and Chief Executive Officer
Founder, President, Chief Operating Officer and Director
Founder and Senior Vice President
Chief Financial Officer, Executive Vice President and Director
Executive Vice President and Corporate Counsel
Compensation as of Fiscal Year 2017.

ILD Corp. Key Developments

Amended Joint Reorganization Plan and Disclosure Statement Filed by ILD Corp.

ILD Corp. filed an amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on April 3, 2018. As per the amended plan filed, the administrative claims in the amount of $0.28 million will be paid fully in cash. Prepetition Lender Secured Claim in the amount of $5.66 shall receive in full settlement $0.1 million in cash, however prepetition lenders shall retain, for voting purposes only, a deficiency claim in the amount of $5.56 million but shall not receive any distribution on the account of this deficiency claim. A new class added in plan Billing Customer claims shall receive a minimum distribution amount of $0.3 million. Treatment for all other claim classes remains same.

Joint Reorganization Plan and Disclosure Statement Filed by ILD Corp.

ILD Corp., along with its affiliates, filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 29, 2018. As per the plan, the Administrative claims of $0.15 million will be paid full in cash, Priority tax claims of $0.18 million and Priority non-tax claims will be paid full in cash. Prepetition Lender Secured Claim $5.66 will be paid in the form of cash. Allowed Unsecured Claims paid on pro rata basis by liquidating debtor’s net assets. Equity Interests claims will be cancelled and shall not receive any distribution under the plan. The plan will be funded through cash and sale proceeds.

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Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
September 29, 2017
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