DALLAS–(BUSINESS WIRE)–Apr. 8, 2015– 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 that Dex Media West, Inc. (“DMW”), its wholly-owned subsidiary, successfully repurchased bank debt below par and will retire approximately $7.9 million in principal amount of bank debt for approximately $6.5 million in cash consideration.
The results of the bank debt repurchase are as follows:
$ in millions
|Entity||Principal Value of|
Price of Par
|Dex Media West, Inc.||$ 7.9||82%||$ 6.5|
As announced on March 30, 2015, DMW offered to utilize up to $6.5 million to repurchase its bank debt at a price of 82% to 86% of par.
This offer expired at 5:00 p.m. EDT, on Monday, April 6, 2015. Settlement of the prepayments will take place on or about Wednesday, April 8, 2015.
About Dex Media
Dex Media (DXM) is a full-service media company offering integrated marketing solutions that deliver measurable results. As the marketing department for more than 490,000 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.
Source: Dex Media, Inc.
Dex Media, Inc.
Media Relations Contact:
Suzanne Keen, 972-453-7875
Investor Relations Contact:
Cliff Wilson, 972-453-6188