Penton replaces credit facility

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Cleveland--Penton Media Inc. announced it has replaced its existing revolving senior credit facility with a new $40 million revolving senior credit facility arranged with Wells Fargo Foothill Inc. Penton has immediate availability to the full amount of the facility, which matures in August 2007. “This new facility provides Penton with greater financial flexibility and adds $20 million of liquidity, bringing our current availability under our credit facility to $40 million,” said Thomas L. Kemp, Penton chairman-CEO.
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