Penton buys back $14.2 million 10 3/8% notes

New York, March 20 - Penton Media, Inc. said it repurchased $14.2 million of its 10 3/8% senior subordinated notes due 2011 during the fourth quarter of 2005.

The company bought the notes at 90% of par, paying $12.8 million, according to a 10-K filing with the Securities and Exchange Commission.

Funding came from cash on hand from operations and borrowing from Penton's revolving credit facility.

The buybacks were in addition to the $5.5 million of notes purchased in February 2005.

Penton is a Cleveland, Ohio-based business-to-business media company.

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