Dex Media West and East amend loans, lowering term loan B interest rates

By Sara Rosenberg

New York, April 28 - Dex Media West Inc. and Dex Media East Inc. amended their credit facilities, essentially repricing their term loan B tranches, according to an 8-K filed with the Securities and Exchange Commission Friday.

Under the Dex Media West amendment, the company got a new term loan B-2 to refinance its existing term loan B at a lower interest rate. The $834.3 million term loan B-2 due March 2010 carries a rate of Libor plus 150 basis points.

Under the Dex Media East amendment, the company got a new term loan B to refinance its existing term loan B at a lower interest rate. The $429 million term loan due May 2009 carries a rate of Libor plus 150 basis points.

The amendments were completed on April 24.

JPMorgan Chase Bank is the administrative agent on the deals.

Dex Media is an Englewood, Colo.-based publisher of Yellow Pages and White Pages directories.

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