Questex Media lenders request appointment to creditors committee

By Alice Popovici

New York, Oct. 23 - Questex Media Group, Inc.'s lenders and administrative agent asked the U.S. Bankruptcy Court for the District of Delaware to direct the U.S. Trustee to appoint several of their representatives to the unsecured creditors committee, according to a Friday filing with the court.

According to the motion, FM Leveraged Capital Fund, FriedbergMilstein Private Capital Fund, PennantPark Investment Corp. and Quinten Road Funding, LLC were not selected to serve on the committee "despite holding the largest unsecured claims against the [company]," the motion states. The lenders said they submitted completed questionnaires and attended an Oct. 16 meeting with the U.S. Trustee.

"The committee, as currently formed, does not adequately represent the interests of the lenders or the administrative agent," the lenders said in the motion.

As previously reported, Questex Media's creditors committee was appointed Oct. 19.

The committee members are Peter Thiel of New York; Robert Larson of RR Donnelley & Sons Co. of Downers Grove, Ill.; Joseph Cragg of Paradice Decorating Co. of Santa Fe Springs, Calif.; Leonardo Servedio of Metropolitan Exposition Services, Inc. of Moonachie, N.J.; and Rick Roaslina of GetVamp LLC of Cleveland.

Questex Media, a Newton, Mass., business-to-business integrated media provider, filed for bankruptcy on Oct. 5. Its Chapter 11 case number is 09-13423.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.