Hotel media provider LodgeNet Interactive Corp. received final bankruptcy court approval on its $30 million in bankruptcy financing, which includes $15 million in new funding that will keep the company running as it restructures, Dow Jones Newswires reported yesterday. LodgeNet received interim approval of the loan, provided by a group of lenders, in late January. That approval gave it access to $5 million worth of new funding. This approval gives it access to the other $10 million. Included in the full amount of the loan, bringing the total to $30 million, is a $15 million rollup—a refinancing of pre-petition debt that gives it priority for repayment in bankruptcy.
