FelCor Receives Requisite Consents for Amendment to Indenture Governing Its 10% Senior Secured Notes
12 Outubro 2009 - 9:30AM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) and its
subsidiary, FelCor Lodging Limited Partnership (“FelCor LP”), today
announced that FelCor Escrow Holdings, L.L.C. (“FelCor Escrow”), a
wholly owned subsidiary of FelCor LP, received consents from
holders of a majority in principal amount of the outstanding 10%
Senior Secured Notes due 2014 (CUSIP Nos. 31430QAZ0 and U31522AK8)
(the “New Notes”) to amend the indenture governing the New
Notes.
The amendment will become effective upon execution of a
supplemental indenture today. The amendment to the indenture
provides additional flexibility with respect to the incurrence of
indebtedness by FelCor LP, once FelCor LP has assumed the
obligations under the indenture.
The consent solicitation expires at 5:00 p.m., New York City
time, on October 13, 2009, unless extended or earlier terminated.
The terms and conditions of the consent solicitation are set forth
in the solicitation letter and related materials.
J.P. Morgan Securities Inc. is acting as Solicitation Agent for
the consent solicitation. Copies of the documents can be obtained
from, and questions concerning the consent solicitation may be
directed to, J.P. Morgan at (212) 270-3994 (collect) or (800)
245-8812 (toll free).
This press release is not a solicitation of consents, which may
be made only pursuant to the terms of the Solicitation Letter and
related letter of consent. Those documents should be consulted for
additional information regarding delivery procedures and the
conditions for the consent solicitation.
FelCor, a real estate investment trust, is the nation’s largest
owner of upper upscale, all-suite hotels. FelCor owns interests in
87 hotels and resorts, located in 23 states and Canada. FelCor’s
portfolio consists mostly of upper upscale hotels, which are
flagged under global brands - Embassy Suites Hotels®, Doubletree®,
Hilton®, Marriott®, Renaissance®, Sheraton®, Westin® and Holiday
Inn®. Additional information can be found on the Company’s Web site
at www.felcor.com.
Felcor Lodging (NYSE:FCH)
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