Dex Media West buys back $7.9 million of bank debt at discount to par

By Angela McDaniels

Tacoma, Wash., April 8 – Dex Media, Inc. subsidiary Dex Media West, Inc. paid $6.5 million to repurchase $7.9 million principal amount of bank debt, according to an 8-K filing with the Securities and Exchange Commission.

The accepted price is equal to 82% of par.

The company offered to use to up $6.5 million to repurchase its bank debt at a price of 82% to 86% of par.

The offer expired at 5 p.m. ET on Monday. Settlement took place Wednesday.

Dex Media is a media company based in Dallas.

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