Penton Media emerges from Ch. 11

Penton Media Inc., New York, the company that owns Electrical Marketing, Electrical Wholesaling, EC&M and about a hundred other business-to-business publications, websites, data products and trade shows, today emerged from Chapter 11, less than 30 days ...
March 11, 2010

Penton Media Inc., New York, the company that owns Electrical Marketing, Electrical Wholesaling, EC&M and about a hundred other business-to-business publications, websites, data products and trade shows, today emerged from Chapter 11, less than 30 days after filing a pre-packaged reorganization plan.

The capital restructuring resulted in the elimination of more than $270 million of long-term debt and an extension of the maturity on the company's senior secured credit facility through 2014. In addition, certain existing shareholders made a significant new investment in Penton, which will provide additional working capital to fund operations and improve Penton's overall liquidity.

There have been no changes to staff, publication schedules or payments to contractors and service providers relating to the restructuring at any of Penton's electrical industry publications.

About the Author

Doug Chandler, Senior Staff Writer

Executive Editor

Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.