Nashville-based Gaylord Entertainment Co. struck a deal last week with more than a dozen lenders that waives any default by the company resulting from the stoppage of operations at Opryland Resort and Convention Center due to flooding earlier this month.
According to an SEC report filed by the company today, the waiver will expire on Dec. 31 unless Gaylord has substantially repaired, rebuilt and reopened the large hotel and conference center or if all related costs are covered by insurance, cash, or the company’s revolving line of credit.
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