FelCor Announces Proposed Senior Notes Offering
17 Outubro 2006 - 10:05AM
PR Newswire (US)
IRVING, Texas, Oct. 17 /PRNewswire-FirstCall/ -- FelCor Lodging
Trust Incorporated (NYSE:FCH), one of the nation's largest hotel
real estate investment trusts (REITs), and its subsidiary FelCor
Lodging Limited Partnership (FelCor LP), today announced that
FelCor LP intends to offer, subject to market conditions, $215
million in aggregate principal amount of senior floating rate
notes. The senior floating rate notes will be offered to qualified
institutional buyers pursuant to Rule 144A under the Securities Act
of 1933, as amended (the "Securities Act"), and to persons outside
the United States under Regulation S of the Securities Act. The
pricing and terms are to be determined. The proceeds of the sale of
the notes, cash on hand and borrowings under an existing line of
credit, to the extent necessary, will be used to fund FelCor LP's
previously announced offer to purchase all of its $290 million
aggregate principal amount floating rate unsecured senior notes due
2011. The notes to be offered by FelCor LP will not be registered
under the Securities Act and may not be offered or sold in the
United States absent registration or an applicable exemption from
the registration requirements. This press release shall not
constitute an offer to sell or a solicitation of an offer to
purchase these securities, and shall not constitute an offer,
solicitation or sale in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful. This press release
is being issued pursuant to and in accordance with Rule 135C under
the Securities Act. FelCor is the nation's largest owner of
upscale, all-suite hotels. FelCor's consolidated portfolio is
comprised of 105 hotels, located in 27 states and Canada. FelCor
owns 65 upper upscale, all-suite hotels, and is the largest owner
of Embassy Suites Hotels(R) and Doubletree Guest Suites(R) hotels.
FelCor's hotels are flagged under global brands such as Embassy
Suites Hotels, Doubletree(R), Hilton(R), Sheraton(R), Westin(R) and
Holiday Inn(R). FelCor has a current market capitalization of
approximately $3.2 billion. With the exception of historical
information, the matters discussed in this news release include
"forward looking statements" within the meaning of the federal
securities laws. Forward looking statements are not guarantees of
future performance. Numerous risks and uncertainties, and the
occurrence of future events, may cause actual results to differ
materially from those currently anticipated. Certain of these risks
and uncertainties are described in our filings with the Securities
and Exchange Commission. Although we believe our current
expectations to be based upon reasonable assumptions, we can give
no assurance that our expectations will be attained or that actual
results will not differ materially. DATASOURCE: FelCor Lodging
Trust Incorporated CONTACT: Andrew J. Welch, Chief Financial
Officer, +1-972-444-4982, or , or Monica L. Hildebrand, Vice
President of Communications, +1-972-444-4917, or , or Stephen A.
Schafer, Vice President of Investor Relations, +1-972-444-4912, or
, all of FelCor Lodging Trust Incorporated Web site:
http://www.felcor.com/
Copyright
Felcor Lodging (NYSE:FCH)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Felcor Lodging (NYSE:FCH)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024
Notícias em tempo-real sobre Felcor Lodging Trust Incorporated (delisted) da New York Stock Exchange bolsa de valores: 0 artigos recentes
Mais Notícias de Felcor Lodging Tr