Marketing company Advanstar Communications Inc. said Tuesday that it completed a restructuring transaction with lenders that eliminated approximately $385 million of debt, and is receiving $35 million in new capital from its principal stakeholders.

The Woodland Hills company did not say how much, if any, debt remained after the restructuring, A spokesperson said that a group of second-lien lenders agreed to accept an undisclosed equity position in the private company in exchange for the debt.

Advanstar, which has 1,000 employees in North America and Europe, offers trade shows, conferences and publications to the fashion, life sciences and powersports industries. It said the new funding was led by the private equity firms of Anchorage Advisors and Veronis Suhler Stevenson.

“With a stronger capital structure, enhanced balance sheet and significant capital investment, our customers can be assured of our commitment to continuing to deliver innovating quality products and services for many years to come,” Chief Executive Joe Loggia said in a statement.

Advanstar was acquired by a consortium led by Veronis Suhler Stevenson in 2007 for $1.1 billion.