Frequently Asked Questions
- What does it mean when a company says it has emerged from Chapter 11?
- Is emergence from Chapter 11 the same thing as exiting bankruptcy protection?
- What happens with the company now that it exits Chapter 11?
- Why did the company change its name?
- Who owns the company?
- What happened to the common stock of R.H. Donnelley?
- Is Dex One a publicly-traded company?
- Where is Dex One headquartered?
- Does the company have a new website?
- How can I obtain new marketing and investing materials about Dex One?
- How much cash does Dex One have?
- Who will sit on the Board of Directors?
- Where can I get additional information?
What does it mean when a company says it has emerged from Chapter 11?
Once a company emerges from Chapter 11, the company is no longer operating under the protections of the bankruptcy code and the jurisdiction of the bankruptcy court.
Typically, a company emerges from Chapter 11 the same day its confirmed Plan of Reorganization becomes effective. The Plan of Reorganization is the formal plan filed with the court setting forth in detail how the claims of each class of creditors and interest holders will be treated.
Our Plan of Reorganization was overwhelmingly approved by all creditor classes and confirmed by the Bankruptcy Court on January 12, 2010 and became effective on Friday, January 29, 2010.
Is emergence from Chapter 11 the same thing as exiting bankruptcy protection?
Yes.
What happens with the company now that it exits Chapter 11?
As part of its emergence from Chapter 11, R.H. Donnelley changed its name to Dex One Corporation. Other than the name change our day-to-day operations will remain the same - we remain committed to helping our clients, local businesses, grow. The company will continue to focus on ways to better serve our clients and make the company run as efficiently as possible.
Why did the company change its name?
The name change aligns the company's corporate name with that of its go-to-market brand (Dex). This alignment enables Dex One to better leverage the awareness and strength that the Dex brand currently enjoys in all of its markets. The Dex One name also clearly communicates who the company is and what it does - Dex, local businesses' trusted marketing partner for over a hundred years, and now, their One stop shop for getting their businesses exposed to active buying consumers whether consumers are searching the company's robust suite of Dex products or on other major search sites or search engines. The Dex One Corporation name clearly highlights the company's category leadership and premium position.
Approximately $6 billion of unsecured bond indebtedness has been exchanged for 100 percent of the equity in the restructured company and $300 million of unsecured notes issued by the company. So, at least initially, former bondholders will own virtually all the equity of the company.
What happened to the common stock of R.H. Donnelley?
All equity in R.H. Donnelley was extinguished as detailed in the Plan of Reorganization.
Is Dex One a publicly-traded company?
Yes. Dex One will begin trading on the New York Stock Exchange February 1 under the ticker symbol "DEXO."
Where is Dex One headquartered?
Cary, North Carolina continues to be the corporate headquarters.
Does the company have a new website?
Yes. The new corporate website is www.DexOne.com. Our other web properties, including DexKnows.com and Business.com remain unchanged.
How can I obtain new marketing and investing materials about Dex One?
Contact Investor Relations at 800-497-6329 or invest@dexone.com.
How much cash does Dex One have?
The company emerged from Chapter 11 with a cash balance of more than $125 million and continues to generate a significant amount of cash.
Who will sit on the Board of Directors?
Dex One is governed by seven directors: David C. Swanson, Jonathan B. Bulkeley, Eugene I. Davis, Richard L. Kuersteiner, W. Kirk Liddell, Mark A. McEachen and Alan F. Schultz.
Where can I get additional information?
Please see our press release dated February 1, 2010, or call the toll-free hotline at 866-889-6193.