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Audax-backed Questex Media awaits credit bid

Posted on October 6, 2009 5:30 PM
Questex Media Group Inc., a private equity-backed publisher of trade publications, is seeking approval to use its $15 million debtor-in-possession loan to fund its bankruptcy case until its first-lien lenders can make a credit bid for its assets.

Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware in Wilmington was set to consider the interim use of its cash collateral and $5.5 million of the DIP at a hearing late Tuesday afternoon, Oct. 6.

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