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Dex One, SuperMedia file for Chapter 11
Updated: Monday, 18 Mar 2013, 1:49 PM EDT
Published : Monday, 18 Mar 2013, 1:49 PM EDT
NEW YORK (AP) — Yellow Pages publishers Dex One Corp. and SuperMedia Inc. have filed for Chapter 11 bankruptcy protection as they seek to combine into one company.
The filings announced Monday came after the companies failed to get approval for proposed changes to their credit agreements from all of their lenders.
Pending court approval, the companies said they plan to put in place pre-packaged reorganization plans and use the process to complete their planned marriage originally announced in August within the next 45 to 60 days.
SuperMedia is based in Dallas. It was formerly known as Idearc Media and was spun off from phone company Verizon Communications Inc. in 2006. Dex One, which is based in Cary, N.C., was known as R. H. Donnelley until it exited bankruptcy.
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