Phone book publisher Dex Media Inc. filed for chapter 11 protection yesterday after reaching a restructuring deal with creditors, the Wall Street Journal reported today. Earlier this month, Dex said that it would file for bankruptcy to implement a restructuring deal reached with about two-thirds of its secured lenders and its bondholders. The restructuring plan would likely leave senior lenders with ownership of Dex and is subject to a broad creditor vote and court approval. Dex has said that it hopes to complete the restructuring in the third quarter of this year. The Texas company reported $1.27 billion in assets and $2.65 billion in debts as of Dec. 31 in the chapter 11 petition it filed with the U.S. Bankruptcy Court in Wilmington, Del.
