-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UJOzvuULw+j1y/jnljpBHbdaFUgnGpeFM0Dkmy+OyAQtAhGSSG8ooaRd54X6Hlz4 8QpvwgsQ+58GoNEO02fvhA== 0000950144-02-000035.txt : 20020413 0000950144-02-000035.hdr.sgml : 20020413 ACCESSION NUMBER: 0000950144-02-000035 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020102 ITEM INFORMATION: Bankruptcy or receivership ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LODGIAN INC CENTRAL INDEX KEY: 0001066138 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 522093696 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14537 FILM NUMBER: 2500583 BUSINESS ADDRESS: STREET 1: 3445 PEACHTREE ROAD N E SUITE 700 CITY: ATLANTA STATE: CA ZIP: 30326 BUSINESS PHONE: 4043649400 MAIL ADDRESS: STREET 1: 3445 PEACHTREE ROAD N E SUITE 700 CITY: ATLANTA STATE: CA ZIP: 30326 8-K 1 g73531e8-k.txt LODGIAN, INC. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 ------------------------------- Date of Report: January 2, 2002 LODGIAN, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 001-14537 52-2093696 - ---------------------------- ------------------------ ----------------------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification Number) 3445 Peachtree Road, N.E. Suite 700, Atlanta, Georgia 30326 - --------------------------- ------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (404) 364-9400 -------------- Item 3. Other Events. On December 20, 2001, Lodgian, Inc. (the "Company") announced that it and a number of its subsidiaries voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in Federal Court in New York. The Company announced that it received a commitment for up to $25 million for debtor-in-possession financing from a group of lenders led by Morgan Stanley and Lehman Brothers, Inc. This financing will allow the Company to operate in the normal course during the bankruptcy proceedings. The Company issued the press release attached hereto as Exhibit 99-1. Item 7. Financial Statements and Exhibits. (c) Exhibits 99.1 Lodgian, Inc. Press Release, dated December 20, 2001.
-2- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Lodgian, Inc. By: /s/ Daniel E. Ellis -------------------- Name: Daniel E. Ellis Title: Secretary Date: January 2, 2002 -3- EXHIBIT INDEX Item No. 99.1 Lodgian, Inc. Press Release, dated December 20, 2001.
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EX-99.1 3 g73531ex99-1.txt PRESS RELEASE DATED DECEMBER 20, 2001 EXHIBIT 99.1 ATLANTA, GA--December 20, 2001. Today, Lodgian, Inc. voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in Federal Court in New York. The filing was precipitated by the weaker U.S. economy, the decline in travel since the events of September 11, and the company's heavy debt load. Lodgian, Inc. and most of its operating subsidiaries were included in the filing. The company announced that it has received a commitment for up to $25 million for debtor-in-possession financing, subject to court approval, from a group of lenders led by Morgan Stanley and Lehman Brothers, Inc. This financing will allow the company to operate in the normal course during the bankruptcy proceedings. David E. Hawthorne, the company's CEO since October 1, 2001 said: "The Chapter 11 filing brings us closer to completing the operating and financial restructuring begun by the company in June, 2001. We intend to emerge from bankruptcy in 2002 with strong prospects for revenue and earnings growth. We appreciate the continued support of our many vendors, employees and lenders." Lodgian, Inc. is one of the largest owner/operators of full and mid-priced hotels in the United States, with 106 hotels located in 32 states and one hotel in Windsor, Canada. The company operates hotels under nationally recognized hospitality franchises such as Marriott, Holiday Inn, Hampton Inn, Sheraton and Radisson. This release includes forward-looking statements related to Lodgian's operations that are based on Management's and third parties' current expectations, estimates and projections. These statements are not guarantees of future performance and actual results could differ materially. These statements involve risks and uncertainties including, but not limited to, Lodgian's ability to successfully fund the plan of reorganization, obtain debtor-in-possession financing, generate sufficient working capital from operations and other risks detailed from time to time in the Company's SEC reports. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. ###
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