FelCor Announces Completion of Tender Offers for Its Senior Secured Floating Rate Notes Due 2011 and 8 ½% Senior Notes Due 2011
16 Outubro 2009 - 5:54PM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) and its subsidiary
FelCor Lodging Limited Partnership (“FelCor LP”), today reported
the completion of its previously announced tender offers for all of
its $215 million aggregate principal amount of senior secured
floating rate notes due 2011 (CUSIP No. 31430Q AY3) (the “Floating
Rate Notes”) and all of its $300 million aggregate principal amount
of 8½% senior notes due 2011 (CUSIP No. 31430Q AL1) (the “8 ½%
Notes”).
Through October 15, 2009, when the tender offers expired, FelCor
LP had received tenders for $213.3 million of the 8 ½% Notes, or
approximately 71% of the amount outstanding at the commencement of
the tender offer, and $213.6 million of the Floating Rate Notes, or
approximately 99% of the amount outstanding at the commencement of
the tender offer. FelCor LP expects to call for redemption all
remaining Floating Rate Notes. All of the tendered 8 ½% Notes and
Floating Rate Notes have been accepted and purchased by FelCor
LP.
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.
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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