Trade Mag Publisher Penton Soon to Exit Bankruptcy
Penton Media, publisher of 113 print titles including Supermarket News, Air Transport World and Corporate Meetings & Incentives, is set to emerge from Chapter 11 bankruptcy “within the next few days,” the company announced today.
A New York bankruptcy court has approved Penton’s restructuring plan, which will eliminate more than $270 million in long-term debt and delay maturity on its senior secured credit facility until 2014, the company said. The company’s ownership, management structure and board of directors will not change following the restructuring.
Penton
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