Gaylord Entertainment to repay hotel loan with $200 million note sale proceeds

By Caroline Salls

Pittsburgh, Nov. 16 - Gaylord Entertainment Co. will repay its Nashville hotel loan with proceeds from its sale of $200 million of senior notes due 2014, according to a company news release.

Following the repayment, borrowers or guarantors of the loan will become guarantors of the new notes, the company's 8% senior notes due 2013 and its 2003 senior secured credit facility.

Proceeds from the note sale will also be used to pay fees and expenses related to the notes, the release said.

Gaylord Entertainment is a Nashville, Tenn., hospitality and entertainment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.