New York, July 26, 2013 -- Moody's Investors Service said that iPayment, Inc.'s ("iPayment ") amendment to its senior secured revolving credit facility and term loan is credit positive because it widens covenant headroom, thereby improving the company's financial flexibility while it executes on its plans to grow its transaction processing merchant base. However, the company's B3 corporate family rating, negative ratings outlook and SGL-3 liquidity rating are not impacted.
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