Gaylord Entertainment tenders for $259.81 million 8% notes due 2013

By Susanna Moon

Chicago, Sept. 22 - Gaylord Entertainment Co. said it began a cash tender offer and consent solicitation for any and all of its outstanding 8% senior notes due 2013.

There is currently $259.81 million principal amount of the notes outstanding.

The tender offer will expire at 11:59 p.m. ET on Oct. 21.

Gaylord will pay $1,027.92 per $1,000 principal amount of the notes, including a consent payment of $1.25 for notes tendered by the consent payment deadline of 5 p.m. ET on Oct. 6.

The company also will pay accrued interest up to but excluding the payment date.

Gaylord said the offer is subject to a requisite consent condition and a financing condition.

The issuer is a Nashville hospitality and entertainment company.

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