LodgeNet launches process to explore strategic, refinancing alternatives


LodgeNet announced that it has initiated a process to explore refinancing alternatives for its senior secured credit facility to address its upcoming debt maturities and tightening financial covenants. To explore and evaluate potential refinancing alternatives and other strategic alternatives, LodgeNet's Board has retained Miller Buckfire, a New York-based investment banking and capital markets firm. In addition to retaining Miller Buckfire, LodgeNet has also retained FTI Consulting, a operations and financial advisory firm with significant experience in the media and hospitality industries, to collaborate with the company in developing its business plan.

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