UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
June 12, 2014
DEX MEDIA, INC.
(Exact name of Registrant as specified in its charter)
Delaware |
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1-35895 |
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13-2740040 |
(State of Incorporation) |
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(Commission File Number) |
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(I.R.S. Employer |
2200 West Airfield Drive, P.O. Box 619810, DFW Airport, Texas 75261
(Address of Principal Executive Offices)
(972) 453-7000
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
As previously announced, on June 5, 2014, certain subsidiaries of Dex Media, Inc. (the Company) commenced offers to repurchase bank debt below par. The offers expired at 5:00 p.m., New York City time, on Thursday, June 12, 2014. The Company subsidiaries will retire approximately $53.7 million in principal amount of bank debt for approximately $46.0 million in cash consideration. Settlement of the repurchases will occur on or about Monday, June 16, 2014. A copy of the press release announcing the results of the repurchases is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed with this report:
Exhibit |
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Exhibit Description |
99.1 |
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Press Release of Dex Media, Inc. issued June 16, 2014. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
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DEX MEDIA, INC. | ||
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By: |
/s/ Raymond R. Ferrell | |
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Name: |
Raymond R. Ferrell |
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Title: |
Executive Vice President |
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General Counsel and Corporate Secretary |
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Date: June 16, 2014 |
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Exhibit 99.1
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, June 16, 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 three of its operating subsidiaries and will retire approximately $53.7 million in principal amount of bank debt for approximately $46.0 million in cash consideration.
The results of the bank debt repurchases are as follows:
$ in millions
Entity |
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Principal Value of |
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Accepted |
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Aggregate Cash |
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SuperMedia Inc. |
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$ |
34.4 million |
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84.25 |
% |
$ |
29.0 million |
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R.H. Donnelley Inc. |
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$ |
- 0 - million |
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0 |
% |
$ |
- 0 - million |
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Dex Media East, Inc. |
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$ |
8.5 million |
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82.20 |
% |
$ |
7.0 million |
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Dex Media West, Inc. |
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$ |
10.8 million |
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92.50 |
% |
$ |
10.0 million |
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As announced on June 5, 2014, designated utilization and price ranges for the bank debt repurchases were as follows:
· SuperMedia Inc. offered to utilize up to $29 million to repurchase its bank debt at a price of 82.00% to 85.00% of par.
· R.H. Donnelley Inc. - offered to utilize up to $8 million to repurchase its bank debt at a price of 67.75% to 70.75% of par.
· Dex Media East, Inc. - offered to utilize up to $7 million to repurchase its bank debt at a price of 79.75% to 82.75% of par.
· Dex Media West, Inc. - offered to utilize up to $10 million to repurchase its bank debt at a price of 90.00% to 93.00% of par.
This offer expired at 5:00 p.m., New York City time, on Thursday, June 12, 2014. Settlement of the prepayments will take place on or about Monday, June 16, 2014.
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 companys 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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