Gaylord buys back $26.5 million 6¾% notes for $25.1 million in quarter

By Susanna Moon

Chicago, May 7 - Gaylord Entertainment Co. repurchased $26.5 million principal amount of its outstanding 6¾% senior notes for $25.1 million during the three months ended March 31, according to a 10-Q filing with the Securities and Exchange Commission.

After adjusting for the write-off of $0.2 million in deferred financing costs and other costs, the company recorded a pretax gain of $1.2 million as a result of the repurchases, the release noted.

The issuer is a Nashville hospitality and entertainment company.

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