Good Sam completes repurchase of $7.4 million in debt

(Feb. 23, 2012) -- "We are pleased at the outcome of the offer to purchase and the corresponding debt reduction of the company," said Marcus Lemonis, CEO of Good Sam Enterprises.  On a pro forma basis, the retirement of the notes under this offer to purchase, in the amount of $7,422,000, will reduce annualized interest expense by $854,000.