Dex One, SuperMedia dropped from LCDX; auctions set for Wednesday

By Susanna Moon

Chicago, April 19 - Markit Group Ltd. said SuperMedia Inc. and Dex Media West, Inc. were removed from Markit LCDX after bankruptcy credit events occurred for both companies.

Credit auctions will be held to settle loan credit default swap trades for both names on April 24, according to a Markit notice.

To facilitate processing of these events, two sets of new versions will be issued for the affected Markit LCDX index series.

The first set of new versions will have an annex date of April 23, with the weighting for SuperMedia set to zero.

The second set of new versions will have an annex date of April 24, with the weighting for both SuperMedia and Dex Media set to zero.

Dex One is a Cary, N.C.-based marketing services provider. SuperMedia is a Dallas-based directory publisher. The companies filed for bankruptcy on March 18. Dex One's Chapter 11 case number is 13-10533, and SuperMedia's is 13-10545.

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