R.H. Donnelley Files for Chapter 11
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CARY, NC—R.H. Donnelley, the company perhaps best known for its line of telephone directories, has filed for Chapter 11 bankruptcy. R.H. Donnelley has reached an agreement in principle with key creditor constituencies that proposes to reduce debt by approximately $6.4 billion, eliminate approximately $500 million in annual interest expense and extend the company's bank maturities out to 2014.
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