EX-99.1 2 a13-25012_1ex99d1.htm EX-99.1

Exhibit 99.1

 

GRAPHIC

 

Media Relations Contact:

 

Suzanne Keen

972-453-7875

suzanne.keen@dexmedia.com

 

Investor Relations Contact:

 

Cliff Wilson

972-453-6188

cliff.wilson@dexmedia.com

 

Dex Media Successfully Completes Bank Debt Repurchases

 

DALLAS, Nov. 25, 2013 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 each of its four operating subsidiaries and will retire approximately $137.1 million in principal amount of bank debt for approximately $101 million in cash consideration.

 

The results of the bank debt repurchases are as follows:

 

$ in millions

 

Entity

 

Principal Value of
Accepted Bids

 

Accepted
Price

 

Aggregate Cash Payment

to Lenders

 

SuperMedia Inc.

 

$

106.7 million

 

75.0

%

$

80.0 million

 

R.H. Donnelley Inc.

 

$

11.3 million

 

62.0

%

$

7.0 million

 

Dex Media East, Inc.

 

$

8.8 million

 

67.7

%

$

6.0 million

 

Dex Media West, Inc.

 

$

11.3 million

 

77.5

%

$

8.0 million

 

 

As announced on November 15, 2013, designated utilization and price ranges for the bank debt repurchases were as follows:

 

·                  SuperMedia Inc. — offered to utilize up to $80.0 million to repurchase its bank debt at a price of 70.0% to 75.0% of par.

·                  R.H. Donnelley Inc. - offered to utilize up to $7.0 million to repurchase its bank debt at a price of 62.0% to 65.0% of par.

·                  Dex Media East, Inc. - offered to utilize up to $6.0 million to repurchase its bank debt at a price of 66.0% to 69.0% of par.

·                  Dex Media West, Inc. - offered to utilize up to $8.0 million to repurchase its bank debt at a price of 75.0% to 78.0% of par.

 

This offer expired at 5:00 p.m., New York City time, on Friday, November 22, 2013.  Settlement of the prepayments is expected on or about Monday, November 25, 2013.

 



 

About Dex Media

 

Dex Media (NASDAQ: DXM) provides local, social and mobile marketing solutions to businesses in communities across the U.S. under the Dex One and SuperMedia brands. The company’s widely used consumer services include the DexKnows.com® and Superpages.com® online and mobile search portals and applications and local print directories. For more information, visit www.DexMedia.com.

 

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