Business News

R.H. Donnelley Announces it is Seeking Support of its Bank Lenders as Part of a Potential Comprehensive Debt Restructuring Plan

Friday 29. May 2009 - Plan details are now available to public lenders

R.H. Donnelley, one of the nation’s leading consumer and business-to-business local commercial search companies, today said it is holding separate conference calls with its bank lenders and the ad hoc steering committee of certain of its bondholders to discuss details relating to a potential debt restructuring plan. Public lenders can restrict themselves for the remainder of the forbearance period and obtain detailed information about the company’s business plan and the potential debt restructuring.

The company hopes to obtain support for a debt restructuring from its bank lenders and bondholders before the expiration on May 28, 2009 of the forbearance agreements currently in place. There can be no assurances that the company will be successful in obtaining support from its bank lenders and bondholders on a debt restructuring plan.

The company will have no further comment at this time about this matter beyond what is contained in this press release.