Penton Media Restructures Debt

Penton Media, the company that publishes Electrical Marketing, Electrical Wholesaling, EC&M and about a hundred other business-to-business magazines, websites and conferences, announced today that it will be filing a pre-packaged Chapter 11 bankruptcy in the next few days. The company expects to emerge from the restructuring in 30 to 45 days.

The move, based on plan of reorganization already finalized with creditors, will relieve the company of $270 million in debt. The com

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

TAGS: archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish