FelCor Announces Proposed Senior Notes Offering
12 Dezembro 2012 - 10:49AM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) and its
subsidiary, FelCor Lodging Limited Partnership ("FelCor LP"), today
announced FelCor LP intends to offer, subject to market conditions,
$500 million of senior secured notes. 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.
FelCor LP intends to use the proceeds of the offering to redeem
approximately $258 million in aggregate face amount of its 10%
senior notes due 2014, to repay a $186 million mortgage loan that
bears interest at 8.1% and for general corporate purposes.
The notes 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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