A U.S. bankruptcy court in Delaware has approved the sale of Questex Media Group Holdings to a group of the company’s senior lenders.

The sale, Questex said Wednesday, brings the company to the final step in the process of restructuring its balance sheet, in turn reducing its debt and increasing access to capital. The company said it expects to emerge from bankruptcy “within days.”

Questex’s business operations will continue as usual through the remainder of the process, the company said.

It was not immediately clear who the company’s senior lenders are. According to its bankruptcy petition, filed in October, the company’s largest creditor was Wilmington Trust FSB, for more than $56.5 million in bank debt.

A Questex spokesperson told FOLIO: that no layoffs are planned in association with the restructuring, and that Kerry Gumas "remains Questex's president and CEO."

The Newton, Massachusetts-based trade publisher announced in October that it had filed for Chapter 11 bankruptcy protection. As part of the agreement, a group of the company’s senior lenders were expected to place a bid to acquire “substantially all” of Questex’s assets, under a Section 363 sale process. The agreement, Questex said, also provides “significant financing,” including debtor-in-possession and exit financing, which will be used to help finance the company’s operations.

Questex is being represented by legal advisors Kirkland & Ellis and investment bankers Miller Buckfire & Co. Its first lien steering committee is being represented by legal advisors Weil, Gotshal & Manges as well as investment bankers Imperial Capital.