LodgeNet to repay, terminate facility, plans new $25 million revolver

By Sara Rosenberg

New York, Sept. 20 - LodgeNet Interactive Corp. plans to repay its credit facility in full and get a new $25 million first-lien revolving credit facility of up to $25 million in size, according to a news release.

Funds for the paydown will come from the sale of $435 million of senior secured second-lien notes due 2016.

Remaining proceeds from the notes will be used for general corporate purposes.

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

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