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DALLAS, Sep. 18, 2014 – Dex Media, Inc. (NASDAQ: DXM), one of the largest national providers of social, local and mobile marketing solutions through direct relationships with local businesses, today announced it successfully repurchased bank debt at two of its operating subsidiaries and will retire approximately $35.2 million in principal amount of bank debt for approximately $29.0 million in cash consideration.
The results of the bank debt repurchases are as follows:
| Entity | Principle Value of Accepted Bids |
Accepted Price |
Aggregate Cash Payment to Lenders |
|---|---|---|---|
| SuperMedia Inc. | $19.8 million | 86.0% | $17.0 million |
| R.H. Donnelly Inc. | $15.4 million | 78.0% | $12.0 million |
As announced on Sept. 9, 2014, designated utilization and price ranges for the bank debt repurchases were as follows:
This offer expired at 5:00 p.m., Eastern time, on Tuesday, Sept. 16, 2014. Settlement of the prepayments will take place on or about Thursday, Sept. 18, 2014.
Dex Media (NASDAQ: DXM) is a full-service media company offering integrated marketing solutions that deliver measurable results. As the marketing department for more than 500,000 small and medium-sized businesses across the U.S., Dex Media helps them Get Found, Get Chosen and Get Talked About. The company’s widely used consumer services include the DexKnows.com® and Superpages.com® search portals and applications as well as local print directories. For more information, visit www.DexMedia.com.
Copyright @ 2024 Thryv, Inc.
Terms and conditions apply. Free plans have limited functionality. Upgraded plans with more functionality are available for a fee. See https://corporate.thryv.com/terms/ for plan and pricing details.
