Lazy Days to spend $2.634 million in offer to buy back 11¾% notes

By Angela McDaniels

Seattle, Sept. 5 - Lazy Days' R.V. Center, Inc. will spend up to $2.634 million to buy back some of its $137 million principal amount of 11¾% notes due 2012, according to an 8-K report filed with the Securities and Exchange Commission.

The repurchase is required under the free cash flow offer provisions of the notes.

The company will buy back the notes at $1,030 per $1,000 principal amount. Under the terms of the indenture, the price is set at the current market price.

The Seffner, Fla., recreational vehicle retailer will also pay accrued interest up to but excluding the payment date.

The offer will end at the close of business on Oct. 2.

Holders may surrender their notes to trustee and paying agent the Bank of New York (212 815-5920).

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