ISDA: CREDIT EVENT OCCURRED IN RESPECT OF DEX ONE, SUPERMEDIA
(The following is a reformatted version of a press release issued by the International Swaps and Derivatives Association, received via e-mail and confirmed by the sender.)
ISDA Credit Derivatives Determinations Committee: Dex One Corporation and SuperMedia Bankruptcy Credit Event
NEW YORK, April 2, 2012 - The International Swaps and Derivatives Association, Inc. (ISDA) announced yesterday that its Americas Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Dex One Corporation and SuperMedia Inc. and other entities listed in their bankruptcy filings.
ISDA will publish further information, including whether a CDS auction will be held, on its website, www.isda.org/credit, in due course.
For Press Queries, Please Contact: Lauren Dobbs, ISDA New York, +1 212 901 6019, firstname.lastname@example.org Rebecca O’Neill, ISDA London, +44 203 088 3586, email@example.com Donna Chan, ISDA Hong Kong, +852 2200 5906, firstname.lastname@example.org
Since 1985, ISDA has worked to make the global over-the-counter (OTC) derivatives markets safer and more efficient. Today, ISDA is one of the world’s largest global financial trade associations, with over 825 member institutions from 58 countries on six continents. These members include a broad range of OTC derivatives market participants: global, international and regional banks, asset managers, energy and commodities firms, government and supranational entities, insurers and diversified financial institutions, corporations, law firms, exchanges, clearinghouses and other service providers. Information about ISDA and its activities is available on the Association’s web site: www.isda.org.