Dex Media prepays debt at both the East and West subsidiaries

By Sara Rosenberg

New York, Nov. 3 - Dex Media Inc. said it has prepaid debt at both its Dex Media East LLC and its Dex Media West LLC subsidiaries.

The company said Dex Media East has prepaid $200 million of debt from Nov. 8, 2002 through Sept. 30, 2003 and Dex Media West has prepaid $80 million of debt in the third quarter and an additional $45 million through Oct. 31.

"After eliminating the effects of non-cash purchase accounting adjustments, we expect Dex Media East and Dex Media West each respectively to report another quarter of positive revenue growth," said George Burnett, president and chief executive officer of Dex Media, in a news release.

"EBITDA margins for both subsidiaries are consistent with plan and with results we reported for the period ended June 30, 2003, after eliminating the effects of non-cash purchase accounting adjustments. We have planned for increased spending in order to operate effectively in a stand-alone environment and continue to generate operating margins that enable us to pre-pay a significant amount of debt."

Dex Media is an Englewood, Colo., directory publisher.

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