Cases & Deals

Penton Media confirms prepackaged chapter 11 plan and obtains new equity investment

Clients Penton Business Media Holdings

Jones Day advised Penton Business Media Holdings, Inc. in its pre-packaged bankruptcy. Pursuant to the plan, Wasserstein & Co., MidOcean Partners and certain other equity investors invested new money, approximately $270 million of long term debt was removed from Penton's balance sheet and the maturity date of its senior secured credit line was extended through 2014.