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Siris-Backed TPx Files Bankruptcy, Mulls $1 Billion Debt Cut

Siris-Backed TPx Files Bankruptcy, Mulls $1 Billion Debt Cut
Bloomberg Markets Monday 29 June 2026, 16:04 UTC By Dorothy Ma 1 min read
Key Points

Siris-Backed TPx Files Bankruptcy, Mulls $1 Billion Debt Cut Technology solutions provider U.S. TelePacific, also known as TPx Communications, filed for bankruptcy in Texas on Sunday after undergoing repeated debt restructuring while struggling to stay liquid. The company, backed by private equity firm Siris Capital Group, provides services ranging from connectivity and networking to cybersecurity, according to court documents. It has $1.1 billion in total funded debt, including a $421...

Siris-Backed TPx Files Bankruptcy, Mulls $1 Billion Debt Cut Technology solutions provider U.S. TelePacific, also known as TPx Communications, filed for bankruptcy in Texas on Sunday after undergoing repeated debt restructuring while struggling to stay liquid. The company, backed by private equity firm Siris Capital Group, provides services ranging from connectivity and networking to cybersecurity, according to court documents. It has $1.1 billion in total funded debt, including a $421 million first-lien term loan and a $658 million second-lien term loan.
Siris-Backed (ORG) U.S. TelePacific (PERSON) Communications (ORG) Texas (LOCATION) Siris Capital Group (ORG)
Originally published by Bloomberg Markets Read original →

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