Questex Receives Court Approval to Sell Assets to Its Senior Lenders

NEWTON, Mass. – Questex Media Group Holdings, Inc. announced today that the U.S. Bankruptcy Court for the District of Delaware has approved the sale of Questex’s assets to a group of its senior lenders. The sale brings Questex to the final step in the company’s balance sheet restructuring process, which will reduce the company’s overall indebtedness and provide increased access to capital for on-going investments and development in the business. The company and its senior lenders expect to close the sale and complete the company’s emergence from Chapter 11 within days. Questex’s operations will continue as usual through the closing of the sale and emergence.

Questex Chief Executive Officer Kerry Gumas [pictured] said, “We are now within days of emerging from Chapter 11 as a renewed company with an improved capital structure. I want to personally thank all of our committed employees, loyal customers and partners and our senior lenders for their commitment and support through the restructuring process. We have continued to produce our market-leading publications, digital media and events without interruption and we look forward to moving ahead as a stronger company able to invest in the future.”

The company is currently being advised by legal counsel, Kirkland & Ellis LLP; and investment bankers Miller Buckfire & Co., LLC.

The First Lien Steering Committee is currently being advised by legal counsel, Weil, Gotshal & Manges LLP; and investment bankers Imperial Capital, LLC.

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