Company Overview of R.H. Donnelley Inc.
R.H. Donnelley Inc., doing business as Dex, publishes and distributes advertiser content in the United States. It offers both print and online solutions to its customers. The company’s print products include yellow pages and white pages, as well as specialty/awareness products, such as tabs, cover items, blow-in cards, delivery bags, and ride-alongs that allow businesses to advertise in various locations on or in a directory. Its online products and services include Internet yellow pages, search engine marketing, and search engine optimization services. The company also allows users to search into the content of local yellow pages advertisements through its Web sites, chicagolandyp.com and b...
1001 Winstead Drive
Cary, NC 27513
Founded in 1961
Key Executives for R.H. Donnelley Inc.
Chief Financial Officer and Executive Vice President
Senior Vice President, General Counsel and Corporate Secretary
Chief Marketing Officer and Senior Vice President
Senior Vice President of Information Technology and Publishing Services
Vice President of Administration and Finance
Compensation as of Fiscal Year 2016.
R.H. Donnelley Inc. Key Developments
Reorganization Plan and Disclosure Statement Approved for Dex Media, Inc.
Jul 15 16
The US Bankruptcy Court approved the plan of reorganization of Dex Media, Inc. on July 15, 2016. The Court has also approved the disclosure statement of the debtor. The debtor has filed its plan in the Court on May 16, 2016. As per the plan, Administrative Claims, Statutory Fees, U.S. Trustee Fee of $12.54 million, Professional Compensation of $6.3 million, Priority Tax Claims and General Unsecured Claim will be paid in full in cash. Other Secured Claims shall receive either payment in full in cash or reinstatement of the claims or collateral securing the claim. The secured claim classes are expected to recover in the range of 73% to 82% of the respective amounts. Holders of Dex East Credit Facility Claims of $300.42 million will receive 14.97% of the new common stock of the debtor, 13.47% of the loans arising under Takeback First Lien Term Loan ($80.79 million) and remaining cash balance. Holders of Dex WestCredit Facility Claims of $274.51 million will receive 18.02% of the new common stock of the debtor, 14.73% of the loans arising under Takeback First Lien Term Loan ($88.35 million) and remaining cash balance. RHDI Credit Facility Claims of $567.69 million will receive 21.65% of the new common stock of the debtor, 23.15% of the loans arising under Takeback First Lien Term Loan ($138.91 million) and remaining cash balance. SuperMedia Credit Facility Claims of $966.78 million will receive 45.36% of the new common stock of the debtor, 48.66% of the loans arising under Takeback First Lien Term Loan ($291.94 million) and remaining cash balance. Subordinated Notes Claims of $270.01 million expecting recovery in the range of 4% to 6% will receive $5 million in cash and warrants. Intercompany Claims and Intercompany Interests may be reinstated or, at the Debtors’ option, be cancelled, and no distribution shall be made on account of such Claims. Equity Interests in Dex Media shall be deemed canceled and there shall be no distribution to holders of such interests. The plan will be funded through cash in hand, Takeback First Lien Term Loan of $600 million and issuance of debtor’s new common stock and warrants.
Motion for Authorizing Asset Purchase Agreement Approved for Dex Media, Inc.
Jun 8 16
The US Bankruptcy Court gave an order approving the sale of certain assets of SuperMedia Sales Inc. on June 8, 2016. The debtor has been authorized to sell property located in Marlton, New Jersey to M&G Investment Assets LLC for a purchase price of $2.64 million. The assets includes real estate at 20 Lake Center, Marlton, New Jersey.
Motion for Authorizing Asset Purchase Agreement Filed by Dex Media, Inc.
May 20 16
Dex Media, Inc. filed a motion in the US Bankruptcy Court for the authorization of asset purchase agreement of SuperMedia Sales Inc. on May 20, 2016. The debtor seeks the Court’s approval for the asset purchase agreement signed between SuperMedia Sales Inc. and M&G Investment Assets LLC. As per the agreement signed on May 11, 2016, SuperMedia Sales will sell property located in Marlton, New Jersey to M&G Investment Assets LLC for a purchase price of $2.64 million. The buyer deposited $0.26 million as per the agreement. Transaction is expected to close 30 days after the expiration of the due diligence period. In the event of termination of transaction due to debtor's default, buyer will be entitled to the out of pocket costs of up to $0.05 million.
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