ShoLodge starts tender for $6 million 7½% convertibles

New York, Nov. 18 - ShoLodge Inc. said it has begun a cash tender to buy up to $6 million principal amount of its 7½% convertible subordinated notes due 2004.

The Hendersonville, Tenn., lodging company said it is offering $640 per $1,000 principal amount for the securities.

If more than $6 million of the convertibles are tendered, ShoLodge will accept them on a pro rated basis.

The tender runs through 5 p.m. ET Dec. 19.

As of Nov. 18, ShoLodge had $10.832 million of the convertibles outstanding plus $43.168 million it holds itself.

Earlier in the year, the company carried out a tender for up to $7 million of the convertibles and bought $1.631 million at a price of $730 per $1,000 principal amount.

ShoLodge said it is carrying out the current tender to reduce debt.

SunTrust Bank is the depositary for the offer.

Full details are available at:

http://www.sec.gov/Archives/edgar/data/881924/000095014403013094/g85989toexv99waw1wa.htm

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