R.H. Donnelley Emerges From Bankruptcy As Dex One (DEXO)
R.H. Donnelley today announced it has successfully emerged from its Chapter 11 restructuring as Dex One Corporation (NYSE: DEXO) and will begin trading on the New York Stock Exchange today under the ticker "DEXO," with 50 million shares outstanding.
"Today marks a new chapter in our company's history," said David C. Swanson, chairman and CEO of Dex One Corporation. "We completed a very complex restructuring in less than a year, eliminating more than $6 billion in debt and approximately $500 million in annual interest expense. We strengthened our capital structure while continuing to help our clients "local businesses" sustain and grow their operations. And we re-launched our company to capitalize on our highly-recognizable 'Dex' go-to-market brand and product portfolio."
"Today marks a new chapter in our company's history," said David C. Swanson, chairman and CEO of Dex One Corporation. "We completed a very complex restructuring in less than a year, eliminating more than $6 billion in debt and approximately $500 million in annual interest expense. We strengthened our capital structure while continuing to help our clients "local businesses" sustain and grow their operations. And we re-launched our company to capitalize on our highly-recognizable 'Dex' go-to-market brand and product portfolio."
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