R.H. Donnelley begins exchange offer for five series of notes

By Jennifer Chiou

New York, May 8 - R.H. Donnelley Corp. announced that its subsidiary, R.H. Donnelley Inc., launched an exchange offer to refinance the following series of its notes: $35 million of 6 7/8% senior notes due 2013, $50 million of 6 7/8% series A-1 senior discount notes due 2013, $90 million of 6 7/8% series A-2 senior discount notes due 2013, $300 million of 8 7/8% series A-3 senior notes due 2016 and $225 million of 8 7/8% series A-4 senior notes due 2017.

The company is offering new 11¾% senior notes due May 15, 2015.

The offer ends at midnight ET on June 6. The early participation deadline is 5 p.m. ET on May 21, and those tendering their notes prior to that date will receive the $30.00 participation amount, which is included in the payout.

For each $1,000 principal amount of old notes, R.H. Donnelly Inc. said it will exchange $682.50 of new notes for the 6 7/8% senior notes due 2013, $682.50 for the series A-1 notes, $682.50 for the series A-2 notes, $705.00 for the series A-3 notes and $700.00 for the series A-4 notes.

The offer is conditioned upon the completion of an amendment to R.H. Donnelley Inc.'s credit facility.

The information agent is MacKenzie Partners, Inc. (800 322-2885 or call collect 212 929-5500).

R.H. Donnelley is a Yellow Pages and online local commercial search company based in Cary, N.C.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.