Questex Media Group Holdings Inc., parent company of Response and 22 other print magazines, is restructuring in an agreement with its lenders to reduce debt. The company's management remains in place, and it will continue to conduct business as usual. The restructuring will have no effect on the day-to-day operations of Response Magazine, Response Expo or the Direct Response Marketing Alliance (DRMA). The Newton, Mass.-based companyrn- which also sponsors 28 conferences and has more than 150 trade Web sites - filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on Oct. 5 in order to restructure its debt for continued operations.rnHowever, based on the strength of the company's business plan, senior lenders have already committed financing as part of the filing, including both debtor-in-pos-session (DIP] financing and exit financing.
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机译:Response和其他22种印刷杂志的母公司Questex Media Group Holdings Inc.正在与其贷方达成协议以减少债务。该公司的管理层仍然存在,并将继续照常开展业务。重组不会对《响应杂志》,《响应博览会》或直接响应营销联盟(DRMA)的日常运营产生影响。这家总部位于马萨诸塞州牛顿的公司还赞助了28次会议,并拥有150多个贸易网站。该公司于10月5日向美国特拉华州破产法院申请了第11章破产保护,以重组其债务以使债务得以持续但是,基于公司业务计划的优势,高级贷方已经承诺将融资作为申请的一部分,包括会期债务(DIP)融资和退出融资。
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