SuperMedia offers term loan repurchase at a price of 43 to 46

By Sara Rosenberg

New York, Nov. 17 - SuperMedia Inc. launched a term loan buyback with a cash offer size of $117 million, according to a market source.

The company is proposing to repurchase the debt at a price in the range of 43 to 46, the source said.

The offer expires at 3 p.m. ET on Monday.

SuperMedia recently completed an amendment to its JPMorgan Chase Bank-led credit facility to allow for the buyback.

Specifically, the company gained permission to repurchase the debt at below par using up to $122.5 million of cash until Jan. 1, 2014.

SuperMedia is a Dallas-based directory publisher.

© 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.