LodgeNet (LNET), which provides entertainment systems to the hotel industry, said in an SEC filing it now sees Q3 results at the low end of its previous guidance ranges. The company had projected revenue of $116 million to $120 million, adjusted operating cash flow of $27 million to $30 million and a loss of 6-14 cents a share.
The company also announced that it plans to offer $435 million of senior secured second lien notes due 2016; it also said it expects to enter into a commitment for a new first lien revolving credit facility of up to $25 million.
LNET is up 3 cents, at $2.81.
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