FCH Felcor Lodging Trust Incorporated (delisted)

FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it plans to make a public offering of 24 million shares of its common stock (the “Offering”). FelCor expects to grant the underwriters a 30-day option to purchase up to 15 percent additional shares of common stock to cover over-allotments, if any. BofA Merrill Lynch and J.P. Morgan will act as joint book-running managers for the offering.

FelCor intends to use the net proceeds from the Offering for a pending acquisition. Pending application of the net proceeds, FelCor may use the net proceeds for general corporate purposes and may also invest such net proceeds in short-term, interest bearing investments or to repay borrowings under its line of credit.

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 offering may only be made by means of a prospectus supplement and accompanying base prospectus.

The offering is being made pursuant to FelCor’s effective shelf registration statement previously filed with the Securities and Exchange Commission. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to these securities may be obtained from: BofA Merrill Lynch, Attn: Prospectus Department, 4 World Financial Center, New York, NY 10080 or e-mail at dg.prospectus_requests@baml.com; from J.P. Morgan Securities LLC, Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or (866) 803-9204; or by visiting the EDGAR database on the SEC's web site at www.sec.gov.

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.

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