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Created: 11/20/2006 09:44:24 AM - Followers: 13 - Board type: Free - Posts Today: 0


Idearc Initiates Voluntary Chapter 11 Proceeding To Implement Debt Restructuring
Reaches Agreement in Principle with Agent Bank and Secured Lenders' Steering Committee to Provide for a Suitable Level of Bank Debt upon EmergenceBusiness Operations Continuing as Usual
DALLAS, Mar 31, 2009 (BUSINESS WIRE) -- Idearc Inc. (OTC: IDAR) announced that the Company and its domestic subsidiaries today filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division. Idearc also announced that it has reached an agreement in principle with the agent bank and a steering group of its secured lenders on certain critical elements of a plan of reorganization. The Company expects to be able to file a plan of reorganization in approximately 30 days, and if implemented as proposed, this plan will enable Idearc to significantly reduce its outstanding debt to a more suitable level upon emergence from the legal proceedings.
Pursuant to the proposed plan, Idearc does not need nor intend to obtain debtor-in-possession (DIP) financing during the reorganization, as the Company maintains substantial cash balances and continues to generate positive cash flow, and has reached an agreement on use of cash collateral.
Idearc expects to operate business as usual throughout its restructuring process, with no interruption in the solutions and services it provides to hundreds of thousands of clients around the nation.
IDEARC links about restructuring
More information about Idearc's restructuring is available at Idearc clients can call (800) 555-4833 for more information. Information for vendors is available at (866) 967-0670 or by sending an email to
FYI:  (For YOUR Information)

Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.



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  Over the phone:

General Questions for Idearc: 800-555-4833
Mon.-Fri., 8 AM-5 PM (Central Time)

For support outside these hours, we invite you to either leave a message or fill out our e-mail contact.

Advertising & Customer Service Representatives:
Mon.-Fri., 8 AM-5 PM (Central Time)
  • Yellow Pages Directories Advertising & Customer Service: 800-555-4833
  •® Advertising Sales: 888-816-6667
  • Customer Service: 800-428-8722
Investor Relations:  1-877-3IDEARC or 1-877-343-3272
For complete listing of investor contacts, click here.
  Through the mail:
Idearc Media Corporate Headquarters
2200 W. Airfield Dr.
P.O. Box 619810
DFW Airport, TX 75261-9810
Authorized Shares:  60.000.000
Outstanding Shares: 15,504,937
As per filing 10-Q filed July 29, 2010
Link for IDEARC SEC filings:


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#963 Approved - new co(s) emerge 1olddog 04/30/2013 03:29:15 PM
#962 april 29 is not that far off. bradford86 04/02/2013 05:07:50 PM
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#960 SPMD Video Chart 3/6/2013 MissionIR 03/06/2013 09:34:37 AM
#959 fernando is still around. bradford86 02/11/2013 10:00:02 PM
#958 OT ....What happened to DREXION ..FERNANDO lostmyballs 02/11/2013 03:23:02 PM
#957 Five Percent Holders bradford86 02/09/2013 11:34:22 AM
#956 QUESTIONS AND bradford86 02/09/2013 03:18:27 AM
#955 bradford86 12/20/2012 09:57:27 AM
#954 reminder HTCH for those of you who hate bradford86 12/15/2012 11:17:51 PM
#953 an example of a bankruptcy that is a bradford86 12/15/2012 10:23:59 PM
#952 Dex One and SuperMedia Reach Agreement with Lender bradford86 12/06/2012 04:18:51 PM
#951 according to SPMD IR - merger is on bradford86 12/03/2012 01:37:10 PM
#950 nothing happens, mildly surprised bradford86 11/30/2012 03:31:04 PM
#949 do you know how much debt they had bradford86 11/21/2012 03:12:48 PM
#948 Supermedia has already gone into Bankruptcy once and roger wilco 11/21/2012 10:59:25 AM
#947 that is what everyone says, bradford86 11/21/2012 10:56:02 AM
#946 This is a dead media roger wilco 11/20/2012 12:26:02 AM
#945 17% drop in revenue. Is that good? boo boo 10/31/2012 09:55:03 AM
#944 SuperMedia Announces Third Quarter 2012 Results bradford86 10/30/2012 10:39:00 AM
#943 This morning, Dex One announced third quarter earnings bradford86 10/26/2012 01:30:23 PM
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#941 with the yahoo message boards having gone into bradford86 10/22/2012 09:22:58 AM
#940 SuperMedia to Report Third Quarter 2012 Results on bradford86 10/18/2012 12:21:17 PM
#939 Dex One Corporation to Announce Third Quarter 2012 bradford86 10/16/2012 02:00:24 PM
#938 algo's running wild bradford86 10/15/2012 12:45:22 PM
#937 spmd at 3.58 into the after hours bradford86 10/12/2012 04:48:04 PM
#936 Sold 1/4 of my position above the 50dma, boo boo 10/12/2012 03:00:12 PM
#935 Poser. That's why. Other than that, boo boo 10/02/2012 03:34:08 PM
#934 What is more meaningful than a purpose of bradford86 10/02/2012 03:31:26 PM
#933 Then change 'Glen do not lose Bradford' to boo boo 10/02/2012 03:24:30 PM
#932 I have lost millions of dollars in my bradford86 10/02/2012 03:23:05 PM
#931 Because the share price is going up, not boo boo 10/02/2012 03:20:06 PM
#930 Just because you have money does not mean bradford86 10/02/2012 03:16:03 PM
#929 Really? In your last post to me boo boo 10/02/2012 03:13:23 PM
#928 RGR is out of my price range. bradford86 10/02/2012 03:02:27 PM
#927 So...your advice is to hold on for 10 boo boo 10/02/2012 01:09:02 PM
#926 so what now? i do nothing or i bradford86 10/02/2012 12:38:16 PM
#925 Then how do you know there's low volume? boo boo 10/02/2012 11:36:01 AM
#924 I don' pay too much attention to charts stills999 10/02/2012 11:33:06 AM
#923 My chart said resistance at 200 dma. boo boo 10/02/2012 11:01:22 AM
#922 So what do the charts say to you stills999 10/02/2012 10:59:43 AM
#921 So what now slick? This is why boo boo 10/02/2012 10:41:24 AM
#920 also i'm all out of dry powder so bradford86 09/28/2012 03:45:44 PM
#919 boo boo, i'm not looking at the 15 bradford86 09/28/2012 03:44:00 PM
#918 no, i'd prefer the price to go down, bradford86 09/28/2012 03:14:33 PM
#917 Is that you pushing the price up? boo boo 09/28/2012 03:10:50 PM
#916 i can't stop buying. bradford86 09/28/2012 03:02:24 PM
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