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Penton makes another debt-relief move

Published on .

Cleveland--In yet another move designed to relieve its debt, Penton Media Inc. announced Friday that it is planning an offering of $157.5 million in aggregate principal amount of 11.88% senior secured notes due 2007. In addition to using the proceeds to repay amounts outstanding under its senior credit facility, Penton intends to use the money raised for general corporate purposes.
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