Navigation Links
LodgeNet Interactive Announces Completion of Offering of $57.5 Million of Convertible Preferred Stock
Date:6/29/2009

SIOUX FALLS, S.D., June 29 /PRNewswire-FirstCall/ -- LodgeNet Interactive Corporation (Nasdaq: LNET) today announced that it has successfully completed its offering of 50,000 shares of 10% Series B Cumulative Perpetual Convertible Preferred Stock, $0.01 par value, with a liquidation preference of $1,000 per share. In addition, the Company announced that the initial purchaser exercised the option to purchase an additional 7,500 shares of preferred stock to cover over-allotments in full, bringing the total amount of the preferred stock sold to 57,500 shares. The Company will pay cumulative dividends on the preferred stock from June 29, 2009 at a rate of 10% per annum of the $1,000 liquidation preference per share, subject to adjustment in certain circumstances. Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as the sole initial purchaser in the offering. LodgeNet expects to use half of the net proceeds of the offering to immediately reduce the outstanding balance on the term loan under its Credit Facility and use the balance of the proceeds for general corporate purposes, including further voluntary reductions of the term loan.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/AQTU120LOGO)

"The successful completion of this offering significantly strengthens our balance sheet and better positions us to continue to implement our strategic growth initiatives," said Scott C. Petersen, Chairman and CEO of LodgeNet Interactive Corporation. "The resulting decrease in our leverage and increase in our cash position will greatly assist us in continuing to maintain compliance with our Credit Facility - which has very favorable pricing terms - despite a very challenging and uncertain economic outlook."

The preferred stock w
'/>"/>

SOURCE LodgeNet Interactive Corporation
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. LodgeNet to Present at CL King Best Ideas Conference
2. LodgeNet Deploys Customized Kid Friendly Solution With Childrens Hospital of Pittsburgh of UPMC
3. LodgeNet Presents at UBS 35th Annual Media Week Conference
4. LodgeNet Interactive Corporation 2007 Earnings Release and Teleconference Announcement
5. Interactive Patient Television Drives Patient Satisfaction, LodgeNet Healthcare Study Shows
6. LodgeNet Interactive to Present at The B. Riley Investor Conference
7. LodgeNet Appoints John E. Haire, Former Time Warner Executive, to Board of Directors
8. LodgeNet Healthcare Expands Into Hawaii Through Agreement With St. Francis Hospice
9. LodgeNet Healthcare Signs New Agreement with NorthShore University HealthSystem
10. LodgeNet Interactive to Report Third Quarter Results on October 28th
11. LodgeNet and Control4 Join Forces to Deliver Ultimate Personalized Guest Experience With One Touch Control
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/21/2015)... Pharmacy point of sale software ... Pharmacy Cooperative trade show, to be held April 30 ... Retail Management Solutions recently became an approved vendor with ... VP of Sales and Marketing. Gross says that IPC ... shows in the country -- and this new partnership ...
(Date:4/21/2015)... Lifeguard Master is out with their new spider ... on the Lifeguard Master website and are in stock. The ... a quality and flexible product during their rescue efforts. According ... Spider Straps are some of the most popular items we ... heavy nylon” , The Spider Straps are rated superior to ...
(Date:4/21/2015)... Rafael, CA (PRWEB) April 21, 2015 ... players at the beautiful Governor’s Academy prep school in ... running July 10-12, 2015, for boys entering grades 6-12. ... compliment and supplement the players’ fall coaching. ... skilled athletes. Not only are these the most unsung ...
(Date:4/21/2015)... 21, 2015 Renewable energy, sustainable living, ... of the Earth Day topics USM Studios ’ ... leaders debate the affect of climate change on the ... subject matter touching on the environmental concerns affecting the ... delve into sustainable lifestyles, clean air options, and much ...
(Date:4/21/2015)... 21, 2015 Spring and summer are ... people visiting family for the holidays or simply taking ... planning to travel can be a difficult choice. Pet-friendly ... with pets is becoming a more common option. ... a stay at pet-friendly accommodations a positive experience. , ...
Breaking Medicine News(10 mins):Health News:Retail Management Solutions to Attend Upcoming Independent Pharmacy Cooperative Trade Show 2Health News:Retail Management Solutions to Attend Upcoming Independent Pharmacy Cooperative Trade Show 3Health News:New Spider Straps for Spine Boards are Introduced for Easy, Fast, and Convenient Use 2Health News:New Spider Straps for Spine Boards are Introduced for Easy, Fast, and Convenient Use 3Health News:New Spider Straps for Spine Boards are Introduced for Easy, Fast, and Convenient Use 4Health News:US Sports Camps and The Northeast Football Clinic Announce 2015 Lineman/Linebacker Clinic Schedule 2Health News:USM Studios’ Programming Focuses on the Environment 2Health News:Royal Flush Havanese Announces 5 Tips for a Successful Stay in Pet-Friendly Accommodations 2Health News:Royal Flush Havanese Announces 5 Tips for a Successful Stay in Pet-Friendly Accommodations 3Health News:Royal Flush Havanese Announces 5 Tips for a Successful Stay in Pet-Friendly Accommodations 4
... BOSTON -- O. Marion Burton, MD, FAAP, president of the ... a.m. ET on Saturday,Oct. 15, 2011, at the AAP National ... outline AAP efforts to advance its agenda for children and ... Dr. Burton will focus on maintaining the advances made, while ...
... - An in-hospital delay of appendicitis treatment beyond ... of complications, including perforation and abscess formation; longer ... an abstract presented Saturday, Oct. 15 at the ... Exhibition in Boston. In "Missed Opportunities in ...
... BOSTON -- Less than half of pediatric car passengers ... the lowest rates among blacks, Hispanics and Native Americans, ... at the American Academy of Pediatrics (AAP) National Conference ... crashes are the leading cause of death among children, ...
... FRIDAY, Oct. 14 (HealthDay News) -- Treatment for breast cancer ... personalized. Not personalized to the patient, mind you, but ... New tests are allowing doctors to figure out what ... of cancer, and new therapies are being targeted to directly ...
... 2011): New research presented this week highlights the ... clinicians investigate publicly available genomic data to assess ... discover prospective cancer biomarkers for further validation. The ... discoveries, not possible by other methods, from the ...
... As words can be the soul,s window, scientists ... shows that psychopathic killers make identifiable word choices ... This research could lead to new tools for ... social media. The words of psychopathic murderers match ...
Cached Medicine News:Health News:AAP President provides update on agenda for children 2Health News:Delayed pediatric appendicitis treatment linked to complications, and even death 2Health News:Minority children less likely to wear a car seatbelt, putting them at greater risk of severe injury 2Health News:Genetic Profiling Adds New Dimension to Breast Cancer Treatment 2Health News:Genetic Profiling Adds New Dimension to Breast Cancer Treatment 3Health News:Drug safety, efficacy, and potential new cancer biomarker predicted by NextBio 2Health News:Drug safety, efficacy, and potential new cancer biomarker predicted by NextBio 3Health News:Psychopathic killers: Computerized text analysis uncovers the word patterns of a predator 2
(Date:4/20/2015)... , April 20, 2015 This report analyzes the ... following Product Segments: Non-Powered Breast Pumps, and Powered Breast Pumps. ... Canada , Japan , ... Rest of World. Annual estimates and forecasts are provided for ... is provided for these markets. Market data and analytics are ...
(Date:4/20/2015)...  Halyard Health Inc., (NYSE: HYH ) will webcast ... the first quarter 2015 on Monday, May 4 at 9 ... first quarter results before the market opens that same day. ... Robert Abernathy , Chairman and Chief Executive Officer, and ... the live conference call, dial 877.240.5772 in the ...
(Date:4/20/2015)... -- This report analyzes the worldwide markets for Blood Pressure ... Product Segments: Sphygmomanometers (Aneroid Sphygmomanometers, & Digital Sphygmomanometers), Ambulatory and ... separate comprehensive analytics for the US, Canada ... , Asia-Pacific , Middle East ... estimates and forecasts are provided for the period 2014 through ...
Breaking Medicine Technology:World Breast Pumps Industry 2World Breast Pumps Industry 3World Breast Pumps Industry 4World Breast Pumps Industry 5World Breast Pumps Industry 6World Breast Pumps Industry 7World Breast Pumps Industry 8World Breast Pumps Industry 9World Breast Pumps Industry 10World Breast Pumps Industry 11World Breast Pumps Industry 12World Breast Pumps Industry 13World Breast Pumps Industry 14Halyard Health Inc. To Webcast Conference Call Discussing First Quarter 2015 Financial Results 2World Blood Pressure Monitoring and Measurement Instruments Industry 2World Blood Pressure Monitoring and Measurement Instruments Industry 3World Blood Pressure Monitoring and Measurement Instruments Industry 4World Blood Pressure Monitoring and Measurement Instruments Industry 5World Blood Pressure Monitoring and Measurement Instruments Industry 6World Blood Pressure Monitoring and Measurement Instruments Industry 7World Blood Pressure Monitoring and Measurement Instruments Industry 8World Blood Pressure Monitoring and Measurement Instruments Industry 9World Blood Pressure Monitoring and Measurement Instruments Industry 10World Blood Pressure Monitoring and Measurement Instruments Industry 11World Blood Pressure Monitoring and Measurement Instruments Industry 12World Blood Pressure Monitoring and Measurement Instruments Industry 13World Blood Pressure Monitoring and Measurement Instruments Industry 14World Blood Pressure Monitoring and Measurement Instruments Industry 15World Blood Pressure Monitoring and Measurement Instruments Industry 16World Blood Pressure Monitoring and Measurement Instruments Industry 17World Blood Pressure Monitoring and Measurement Instruments Industry 18World Blood Pressure Monitoring and Measurement Instruments Industry 19World Blood Pressure Monitoring and Measurement Instruments Industry 20World Blood Pressure Monitoring and Measurement Instruments Industry 21World Blood Pressure Monitoring and Measurement Instruments Industry 22
... Bexion Pharmaceuticals announced today that it has ... Innovation Research (SBIR) grant by the National Cancer ... Treating Glioblastoma Multiforme" was awarded September 28, 2010 ... from NCI follows their September 20, 2010 announcement ...
... PRA International, a leading Clinical Research Organization, will ... the European Society for Medical Oncology,s 35th annual congress ... Representatives from Medical Affairs, Operations and other ... PRA,s approach to successful execution of oncology and hematology ...
Cached Medicine Technology:Bexion Pharmaceuticals Continues to Gain Support from National Cancer Institute (NCI) 2PRA International to Exhibit at European Oncology Congress 2
... to use and transportable, the Dornier Compact Delta ... user and the patient. The systems shock source ... zone accuracy and avoid the risk of misalignment. ... unique due to its motorized lateral and horizontal ...
The latex free, hydrophilic Self-Cath Plus is designed for single use, intermittent self-catheterization. The unique hydrophilic coating activates immediately upon exposure to water for fast, clean...
Used for temporary urine collection. The leg bag is designed for use with the Non-Adhesive Silicone Condom Catheter. Supplied non-sterile. Reusable. Intended for single patient use only....
The latex free, hydrophilic Self-Cath Plus is designed for single use, intermittent self-catheterization. The unique hydrophilic coating activates immediately upon exposure to water for fast, clean...
Medicine Products: