Dex Media $2.5 billion Chapter 11 restructuring

Overview:

• Dex Media, a digital and print marketing solutions company, restructured $2.5 billion of its debt. 
• Dex Media filed for Chapter 11 bankruptcy protection in March 2016 and emerged from bankruptcy August 1, 2016.
• The company entered a Restructuring Support Agreement with creditors who held 66% of senior secured credit facilities and 65% of its senior subordinated notes.
• JPMorgan Chase Bank acted as agent. 

Rani Mehta - Journalist