August 26, 2016 6:32 AM ET

Internet Software and Services

Company Overview of Dex One Digital, Inc.

Company Overview

Dex One Digital, Inc. offers business-to-business search engine, directory, and pay-per-click advertising network services. The company operates work.com, a business-to-business community publishing platform featuring business how-to guides. It serves businesses and the advertisers. Dex One Digital, Inc. was formerly known as Business.com, Inc. and changed its name to Dex One Digital, Inc. in February, 2011. The company was founded in 1985 and is based in Dallas, Texas. Dex One Digital, Inc. operates as a subsidiary of Dex Media, Inc.

2200 West Airfield Drive

Dallas, TX 75261

United States

Founded in 1985

Phone:

972-453-7000

Fax:

919-297-1518

Key Executives for Dex One Digital, Inc.

Dex One Digital, Inc. does not have any Key Executives recorded.

Dex One Digital, Inc. Key Developments

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.

Motion for Authorizing Asset Purchase Agreement Approved for Dex Media, Inc.

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.

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.

Similar Private Companies By Industry

Company Name Region
"Atlantic Tele-Satellite, Inc. United States
.Club Domains LLC United States
.Comdaq Corporation United States
@Court United States
0 Food Waste LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Dex One Digital, Inc., please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.