April 29, 2017 10:35 AM ET

Media

Company Overview of Dex Media Holdings, Inc.

Company Overview

Dex Media Holdings, Inc. publishes and markets directories, which include Yellow Pages and White Pages in the United States. The company also offers Internet-based telephone directory and database marketing services. Dex Media Holdings, Inc. was formerly known as Dex Media, Inc. and changed its name to Dex Media Holdings, Inc. in April 2013. The company was founded in 2002 and is based in Dallas, Texas. Dex Media Holdings, Inc. operates as a subsidiary of Dex Media, Inc.

2200 West Airfield Drive

DFW Airport

P.O. Box 619810

Dallas, TX 75261

United States

Founded in 2002

1,800 Employees

Phone:

972-453-7000

Key Executives for Dex Media Holdings, Inc.

Dex Media Holdings, Inc. does not have any Key Executives recorded.

Dex Media Holdings, Inc. Key Developments

Dex Media Announces Revolving Line of Credit with Wells Fargo and PNC

Dex Media Holdings, Inc. announced it signed an agreement with Wells Fargo Bank, N.A. and PNC Bank, N.A. for a revolving line of credit of up to $150 million. The company retired $181 million of Term Debt on December 30, 2016, from the proceeds of this transaction and existing cash. Key highlights: $150 million accounts receivable secured revolving facility; Interest Rate of LIBOR + 4.00%; Initial draw of $100 million.

Dex Media Holdings, Inc. Reports Unaudited Net Debt as at December 31, 2016

Dex Media Holdings, Inc. reported unaudited net debt as at December 31, 2016. For the period, the company reported net debt was $439 million.

Reorganization Plan and Disclosure Statement Approved for Dex Media, Inc.

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.

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