CAMPBELL, Calif.—P-Com Inc. announced its restructuring program is nearing completion.
The company said it has reach an agreement to restructure most of its $29.3 million in bonds, with the remainder of its bonds under discussion with debt holders. In addition, the company said it is in the process of securing a bank line of credit and raising capital through a private placement and expects to close both within a few weeks.
P-Com also said it believes it will meet its first-quarter revenue target, which is expected to show revenues have stabilized and are slightly up from the fourth quarter 2001.
