SIOUX FALLS, S.D., Jan. 14 /PRNewswire-FirstCall/ -- LodgeNet Interactive Corporation (Nasdaq: LNET), the leading provider of media and connectivity solutions to hospitality and healthcare businesses, today announced that it has filed a $290 million universal shelf registration statement with the Securities and Exchange Commission. The shelf registration will give LodgeNet the ability to access capital utilizing various types of securities such as common stock, undesignated preferred stock, senior debt, senior subordinated debt or subordinated debt, depository shares, warrants, units or any combination thereof. Once declared effective by the SEC, the registration statement would remain in place for three years. Should securities be issued pursuant to the registration statement, such securities would in each case be offered using a separate prospectus supplement issued at the time of the particular offering that would describe the specific types, amounts, price and terms of the offered securities and the expected use of the proceeds from the offering.
"Our Board of Directors authorized the filing of this shelf registration in order to enhance the strategic financing options available to the Company," said LodgeNet Chairman and CEO Scott C. Petersen. "We remain focused on maximizing free cash flow and reducing leverage, and having an effective shelf registration will allow us to opportunistically access the capital markets at some point in the future if market and business opportunities are appropriate."
About LodgeNet Interactive
LodgeNet Interactive Corporation is the leading provider of media and connectivity solutions designed to meet the unique needs of hospitality, healthcare and other guest-based businesses. LodgeNet Interactive serves more than 1.9 million hotel rooms worldwide in addition to healthcare facilities throughout the United States. The company's services include: Interactive Television Solutions, Broadband Internet Solutions, Content Solutions, Professional Solutions and Advertising Media Solutions. LodgeNet Interactive Corporation owns and operates businesses under the industry leading brands: LodgeNet, LodgeNetRX, and The Hotel Networks. LodgeNet Interactive is listed on NASDAQ and trades under the symbol LNET. For more information, please visit www.lodgenet.com.
LodgeNet and LodgeNet RX are registered trademarks of LodgeNet Interactive Corporation. Other trademarks are the property of their respective owners.
SOURCE LodgeNet Interactive Corp.