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Last Post: 7/13/2013 3:18:01 PM - Followers: 13 - Board type: Free - Posts Today: 0

www.idearc.com/

 

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 www.idearc.com/restructuring. 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 IdearcInfo@kccllc.com.
 
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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Video Highlights

See the spots for our national campaign introducing our SuperGuaranteeSM. Services done right. Or we’ll make it right.*
 
www.idearcmedia.com/CammsServlet
 
www.idearcmedia.com/CammsServlet

   Over t

  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
  • Superpages.com® Advertising Sales: 888-816-6667
  • Superpages.com 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:  ir.idearc.com/sec.cfm

 

 
 
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PostSubject
#965   i still touch base with him. you should bradford86 07/13/13 03:18:01 PM
#964   http://investorshub.advfn.com/Dex-Media-DXM-26593/ moving to dex media bradford86 05/05/13 05:23:17 PM
#963   Approved - new co(s) emerge 1olddog 04/30/13 03:29:15 PM
#962   april 29 is not that far off. bradford86 04/02/13 05:07:50 PM
#961   I feel dumber for watching your video. bradford86 03/06/13 06:19:38 PM
#960   SPMD Video Chart 3/6/2013 MissionIR 03/06/13 09:34:37 AM
#959   fernando is still around. bradford86 02/11/13 10:00:02 PM
#958   OT ....What happened to DREXION ..FERNANDO lostmyballs 02/11/13 03:23:02 PM
#957   Five Percent Holders bradford86 02/09/13 11:34:22 AM
#956   http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9068231 QUESTIONS AND bradford86 02/09/13 03:18:27 AM
#955   http://www.valuewalk.com/2012/12/kyle-bass-purchases-ten-percent-of-two-companie bradford86 12/20/12 09:57:27 AM
#954   reminder HTCH for those of you who hate bradford86 12/15/12 11:17:51 PM
#953   an example of a bankruptcy that is a bradford86 12/15/12 10:23:59 PM
#952   Dex One and SuperMedia Reach Agreement with Lender bradford86 12/06/12 04:18:51 PM
#951   according to SPMD IR - merger is on bradford86 12/03/12 01:37:10 PM
#950   nothing happens, mildly surprised bradford86 11/30/12 03:31:04 PM
#949   do you know how much debt they had bradford86 11/21/12 03:12:48 PM
#948   Supermedia has already gone into Bankruptcy once and roger wilco 11/21/12 10:59:25 AM
#947   that is what everyone says, bradford86 11/21/12 10:56:02 AM
#946   This is a dead media roger wilco 11/20/12 12:26:02 AM
#945   17% drop in revenue. Is that good? boo boo 10/31/12 09:55:03 AM
#944   SuperMedia Announces Third Quarter 2012 Results bradford86 10/30/12 10:39:00 AM
#943   This morning, Dex One announced third quarter earnings bradford86 10/26/12 01:30:23 PM
#942   Dex One Reports Third Quarter Performance bradford86 10/25/12 08:21:42 AM
#941   with the yahoo message boards having gone into bradford86 10/22/12 09:22:58 AM
#940   SuperMedia to Report Third Quarter 2012 Results on bradford86 10/18/12 12:21:17 PM
#939   Dex One Corporation to Announce Third Quarter 2012 bradford86 10/16/12 02:00:24 PM
#938   algo's running wild http://www.reuters.com/article/2009/03/16/idearc-idUSBNG495 bradford86 10/15/12 12:45:22 PM
#937   spmd at 3.58 into the after hours bradford86 10/12/12 04:48:04 PM
#936   Sold 1/4 of my position above the 50dma, boo boo 10/12/12 03:00:12 PM
#935   Poser. That's why. Other than that, boo boo 10/02/12 03:34:08 PM
#934   What is more meaningful than a purpose of bradford86 10/02/12 03:31:26 PM
#933   Then change 'Glen do not lose Bradford' to boo boo 10/02/12 03:24:30 PM
#932   I have lost millions of dollars in my bradford86 10/02/12 03:23:05 PM
#931   Because the share price is going up, not boo boo 10/02/12 03:20:06 PM
#930   Just because you have money does not mean bradford86 10/02/12 03:16:03 PM
#929   Really? In your last post to me boo boo 10/02/12 03:13:23 PM
#928   RGR is out of my price range. bradford86 10/02/12 03:02:27 PM
#927   So...your advice is to hold on for 10 boo boo 10/02/12 01:09:02 PM
#926   so what now? i do nothing or i bradford86 10/02/12 12:38:16 PM
#925   Then how do you know there's low volume? boo boo 10/02/12 11:36:01 AM
#924   I don' pay too much attention to charts stills999 10/02/12 11:33:06 AM
#923   My chart said resistance at 200 dma. boo boo 10/02/12 11:01:22 AM
#922   So what do the charts say to you stills999 10/02/12 10:59:43 AM
#921   So what now slick? This is why boo boo 10/02/12 10:41:24 AM
#920   also i'm all out of dry powder so bradford86 09/28/12 03:45:44 PM
#919   boo boo, i'm not looking at the 15 bradford86 09/28/12 03:44:00 PM
#918   no, i'd prefer the price to go down, bradford86 09/28/12 03:14:33 PM
#917   Is that you pushing the price up? boo boo 09/28/12 03:10:50 PM
#916   i can't stop buying. bradford86 09/28/12 03:02:24 PM
PostSubject