FelCor Announces Proposed Senior Notes Offering
17 Setembro 2009 - 8:43AM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) and its subsidiary
FelCor Lodging Limited Partnership (“FelCor LP”), today announced
that FelCor LP intends to offer, subject to market conditions,
senior secured notes that are expected to generate approximately
$530 million in gross proceeds to FelCor LP. The senior secured
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 net cash proceeds of the sale of the notes and cash on hand,
to the extent necessary, will be used to fund FelCor LP's
previously announced offer to purchase all of its $215 million
aggregate principal amount floating rate senior secured notes due
2011 and all of its $300 million aggregate principal amount 8½%
senior secured notes due 2011. The balance of the net cash
proceeds, if any, will be used for general corporate purposes.
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.
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 greater detail 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. We undertake no obligation to update any
forward-looking statement to conform the statement to actual
results or changes in our expectations.
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