LodgeNet repays $8.2 million of term loan B borrowings in quarter; $1.6 million mandatory

By Sara Rosenberg

New York, April 22 - LodgeNet Interactive Corp. repaid $8.2 million of its term loan B debt during the first quarter, according to a news release.

Of the total amount repaid, $1.6 million was mandatory and $6.6 million was optional.

In addition, during the first quarter, the company acquired, through a wholly owned subsidiary as a permitted investment under its credit facility, $31.5 million of outstanding debt at 70.5% of par.

LodgeNet is a Sioux Falls, S.D.-based provider of media and connectivity products for hospitality, health care and other guest-based businesses.

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