Penton buys back $5.5 million 10 3/8% notes

New York, April 15 - Penton Media, Inc. said it bought back $5.5 million of its 10 3/8% senior subordinated notes during February.

The Cleveland, Ohio-based business-to-business media company paid $3.9 million for the notes, including $0.1 million of accrued interest. Funding came from cash on hand.

At the time of the purchase, the notes were trading at 69% of par.

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