ShoLodge to redeem notes

New York, Jan. 14 - ShoLodge Inc. said it will redeem all its outstanding senior subordinated notes by the end of the first fiscal quarter.

The Hendersonville, Tenn., lodging company currently has $14.436 million of the notes outstanding, $8.525 million with a 10.15% coupon due on Nov. 1, 2006 and $5.911 million with a 9.55% coupon due on Sept. 1, 2007.

All securities will be redeemed at par.

ShoLodge also said it will deregister its securities and end its duty to file reports with the Securities and Exchange Commission. Any publicly traded company with fewer than 300 holders of record of its common stock is eligible to take this action, ShoLodge said.

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