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Directory Firms Dex One SuperMedia File for Bankruptcy

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Directories publishers Dex One Corp. and SuperMedia Inc. have filed for bankruptcy after failing to win the full support of senior secured lenders for a change to a credit agreement that was needed to complete their planned merger, Reuters reported today. Dex One, formerly known as R.H. Donnelley Corp., and SuperMedia agreed last year to combine their businesses, with Dex One shareholders expected to own about 60 percent and SuperMedia shareholders the rest of the combined company. Dex One has assets and liabilities both in the range of about $2.8 billion, while SuperMedia has total assets of $1.4 billion and total debt of $1.9 billion, according to the filing.