FelCor Receives Requisite Consents to Amend Indentures
31 Outubro 2006 - 10:00AM
PR Newswire (US)
IRVING, Texas, Oct. 31 /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, as
of 5:00 p.m., New York City time, on Monday, October 30, 2006,
tenders and consents representing (a) approximately 91% of the $290
million aggregate principal amount of outstanding senior floating
rate notes due 2011 had been received, and (b) approximately 91% of
the $125 million aggregate principal amount of outstanding 7 5/8%
senior notes due 2007 had been received. FelCor LP has received the
requisite consents from holders of the senior floating rate notes
and the 7 5/8% senior notes to amend the indentures governing the
respective notes, which will eliminate substantially all of the
restrictive covenants and certain events of default contained in
such indentures. The offers will expire at 5:00 p.m., New York City
time, on Tuesday, November 14, 2006, unless extended or earlier
terminated. Copies of the documents can be obtained by contacting
MacKenzie Partners, Inc., the Information Agent for the tender
offer, at (212) 929-5500 (collect) and (800) 322-2885 (toll free).
Merrill Lynch & Co. is acting as Dealer Manager and
Solicitation Agent for the tender offers and consent solicitations.
Questions concerning the tender offers and the consent
solicitations may be directed to Merrill Lynch & Co. at (212)
449-4914 (collect) or (888) 654-8637 (toll free). This press
release is not an offer to purchase or a solicitation of acceptance
of the offer to purchase, or a solicitation of consents, which may
be made only pursuant to the terms of the applicable offer to
purchase and consent solicitation statement and related letter of
transmittal. Those documents should be consulted for additional
information regarding delivery procedures and the conditions for
the tender offer. 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 are 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/
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