FOR IMMEDIATE RELEASE
CONTACT
Ann Parker, Director
Investor Relations
605-988-1000
ann.parker@lodgenet.com

 

LODGENET ANNOUNCES EXPIRATION OF TENDER OFFER FOR ALL OF ITS OUTSTANDING 9˝% SENIOR SUBORDINATED NOTES DUE 2013


SIOUX FALLS, APRIL 23, 2007 – LodgeNet Entertainment Corporation (NASDAQ: LNET) (the “Company”) announced today that its tender offer relating to its 9˝% Senior Subordinated Notes due 2013 (the “Notes”) expired at 8:00 a.m., New York City time, on Monday, April 23, 2007.

Substantially all of the remaining outstanding Notes have been tendered since the expiration of the consent solicitation at 5:00 p.m., New York City time, on April 9 2007.  Holders of more than 99% of the outstanding principal amount of the Notes tendered their Notes and delivered their consents to the proposed amendments to the Indenture governing the Notes prior to the consent deadline.

On April 10, 2007, the Company entered into a supplemental indenture relating to the Notes incorporating the proposed amendments described in the Offer to Purchase and Solicitation of Consents dated March 26, 2007.  The proposed amendments became effective when the Company accepted the Notes for payment pursuant to the terms of the tender offer and consent solicitation on April 10, 2007.

Bear, Stearns & Co. Inc. and Credit Suisse Securities (USA), LLC acted as Dealer Managers for the tender offer and as Solicitation Agents for the consent solicitation.

About LodgeNet

LodgeNet Entertainment Corporation is the leading provider of media and connectivity services designed to meet the unique needs of hospitality, healthcare and other visitor and guest-based businesses. LodgeNet serves more than 1.8 million hotel rooms representing 9,300 hotel properties worldwide in addition to healthcare facilities throughout the United States. LodgeNet's services include on demand movies, games, television programming, music and information, along with subscription sports programming and high-speed Internet access.  LodgeNet Entertainment Corporation owns and operates businesses under the industry leading brands:  LodgeNet, On Command and StayOnline. LodgeNet is listed on NASDAQ and trades under the symbol LNET. For more information, please visit www.lodgenet.com.

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