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Ziff Davis Enterprise improves access to capital

By Published on .

New York—Trade magazine publisher Ziff Davis Enterprise has restructured its debt and gained more favorable loan terms to access funds.

In a statement, CEO Steve Weitzner said, “The goal was to ‘de-lever’ the company and get access to liquidity that will ease the company’s path through some of the lean months ahead in this economic downturn.”

The company, now privately held after its $150 million sale by Ziff Davis Media to equity firm Insight Venture Partners in 2007, did not disclose how much debt it carries.

Ziff Davis Enterprise publishes such titles as eWeek and CIO Insight.

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