infoUSA prepays $5 million of revolver debt

By Sara Rosenberg

New York, Aug. 9 - infoUSA prepaid $5 million of bank debt under its revolving credit facility and plans to continue to pay down debt using free cash flow, according to a company news release.

"Cost cuts that we implemented in second quarter of 2004 have enabled us to get back on track to achieve our long-term EBITDA margin goal of 30% plus in our core business excluding most recent acquisitions," said Vin Gupta, chairman and chief executive officer, in the release.

"Based on what we know now, we feel confident that we will generate over $102 million in EBITDA in fiscal year 2005. We are projecting our free cash flow to increase by approximately 33% from over $48 million in fiscal year 2004 to over $64 million in fiscal year 2005. We will use the majority of our free cash flow to pay down debt. The disciplined reduction in leverage, as we have demonstrated in the past, will position us well to maximize our shareholder value."

infoUSA is an Omaha, Neb., provider of business and consumer information products, database marketing services, data processing services and sales and marketing solutions.

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