Lodgenet Deferred Payment of Preferred Dividend; Sees Filing 10Q On/Before November 9
LodgeNet Interactive Corporation (Nasdaq: LNET) today announced that it has reached a forbearance agreement (the "Forbearance Agreement") regarding its credit agreement (the "Credit Facility") with lenders holding a majority of the loans thereunder. This agreement advances the Company's ongoing process, as announced on August 21, 2012, of working with its financial advisors and lenders to address its capital structure and liquidity needs and implement a long term strategic solution that best positions the Company for the future.
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