Company Overview of SuperMedia Inc.
SuperMedia Inc. operates as a yellow pages directory publisher in the United States. The company also provides digital advertising solutions; and white pages directories. Its yellow pages print directories offer a range of paid advertising options, such as listing options, in-column advertising options, display advertising options, and specialty advertising. The company’s portfolio of local media solutions includes the Superpages directories; Superpages.com, a digital local search resource on desktop and mobile devices; and Superpages.com network, a digital syndication network that places local business information across Websites, mobile sites, and mobile applications. In addition, it offer...
2200 West Airfield Drive
PO Box 619810
Dallas, TX 75261-4008
Key Executives for SuperMedia Inc.
Chief Marketing Officer and Executive Vice President
Executive Vice President of Sales - West
Executive Vice President Sales - West
Vice President of Operations
Compensation as of Fiscal Year 2016.
SuperMedia 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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