Dex Media repays $105 million of bank debt in first quarter 2004

By Sara Rosenberg

New York, May 14 - Dex Media Inc. announced that during the quarter ended March 31 it repaid $105 million of bank debt using free cash flow.

More specifically, Dex Media East repaid $75 million under its credit facility and Dex Media West repaid $30 million under its credit facility, according to an S-1 document filed with the Securities and Exchange Commission on Friday.

As a result of the repayments and the fixed interest rate swaps that were entered into in 2002, as of March 31, the Dex Media East debt portfolio, consisting of the amounts borrowed under the credit facilities, senior notes and senior subordinated notes, consists of 65.1% fixed-rate debt and 34.9% floating-rate debt.

The Dex Media West debt portfolio, consisting of the amounts borrowed under the credit facilities, senior notes and senior subordinated notes, consists of 36.7% fixed-rate debt and 63.3% floating-rate debt.

Dex Media is an Englewood, Colo., directories publisher.

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