-----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, BA7rHI0PfD1JT87pUAZmkrAwi+1HKBfz+ahVj6wQcHpa6GpfEUcVv5HjtNN49gQz E8j0bw75ci/syG66rh5wsQ== 0000950144-02-012328.txt : 20021126 0000950144-02-012328.hdr.sgml : 20021126 20021126171717 ACCESSION NUMBER: 0000950144-02-012328 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021125 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021126 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: 02841506 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 g79601e8vk.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 EXCHANGE ACT OF 1934 ------------------------------- DATE OF REPORT (DATE OF EVENT REPORTED): November 25, 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 5. OTHER EVENTS On November 25, 2002, Lodgian, Inc. ("the Company") issued a press release, announcing that it and the majority of its subsidiaries had emerged from bankruptcy. A copy of the press release is filed herewith as Exhibit 99.1. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (C) EXHIBITS 99.1 Lodgian, Inc. Press Release, dated November 25, 2002. -2- SIGNATURE 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: Senior Vice President of Legal Affairs Date: November 26, 2002 -3- EXHIBIT INDEX ITEM NO. 99.1 Lodgian, Inc. Press Release, dated November 25, 2002. -4- EX-99.1 3 g79601exv99w1.txt EX-99.1 PRESS RELEASE EXHIBIT 99.1 LODGIAN, INC [LODIGIAN, INC. LOGO] 3445 PEACHTREE ROAD ATLANTA, GA 30326 www.lodgian.com AT LODGIAN, INC. David E. Hawthorne Richard Cartoon Michael W. Amaral President and Chief Executive Officer Executive Vice President & CFO Executive Vice President & COO dhawthorne@lodgian.com rcartoon@lodgian.com mamaral@lodgian.com (404) 365-3800 (404) 365-3823 (404) 365-4466
FOR IMMEDIATE RELEASE MONDAY, NOVEMBER 25, 2002 LODGIAN ANNOUNCES EMERGENCE FROM CHAPTER 11 Lodgian, Inc. announced today that it and the majority of its subsidiaries have successfully emerged from bankruptcy. The Company also announced the funding of a new $309 million credit facility arranged by Merrill Lynch Mortgage Lending, Inc. The newly reorganized Lodgian will emerge from bankruptcy with 79 hotels that operate under nationally recognized hospitality franchises such as Holiday Inn, Marriott, Hilton and Crowne Plaza. Eighteen hotels will continue under Chapter 11 protection, and the company expects to dispose of nine hotels by the end of the first quarter of 2003. David Hawthorne, President and CEO commented that the bankruptcy process has enabled the company to substantially reduce its debt and survive a difficult operating environment since the events of September 11, 2001. "While the operating environment remains challenging, we are dedicated to creating value for our shareholders. We would like to thank our franchisors, vendors, lenders and dedicated employees for their support during the restructuring process. With our new financing and significantly reduced leverage, Lodgian is well positioned to benefit from an economic recovery and is committed to increasing shareholder value going forward." 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, the company's ability to generate sufficient working capital from operations and other risks detailed from time to time in the Company's SEC reports. The Company undertakes no obligations to update events to reflect changed assumptions, the occurrence of unanticipated events or changes to future results over time. FOR MORE INFORMATION ON LODGIAN VISIT LODGIAN AT WWW.LODGIAN.COM -----END PRIVACY-ENHANCED MESSAGE-----