Ziff Davis Media to retire bank debt with $205 million notes offering proceeds

By Caroline Salls

Pittsburgh, April 7 - Ziff Davis Holdings Inc. said subsidiary Ziff David Media Inc. will retire all outstanding debt under its amended and restated credit agreement using proceeds from its offering of $205 million of senior secured floating-rate notes due 2012.

Proceeds will also be used to pay fees and expenses and the remaining balance for general corporate purposes.

The offering is expected to close in April and is subject to market and other customary conditions.

Ziff Davis is a New York-based integrated media company focusing on the technology and video game markets.

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