FelCor Closes Senior Notes Offering
21 Maio 2015 - 5:05PM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) and its
subsidiary, FelCor Lodging Limited Partnership (“FelCor LP”), today
announced the closing of FelCor LP’s offer and sale of $475 million
in aggregate principal amount of FelCor LP’s 6.00% senior unsecured
notes due 2025. This successful offering enables the company to
benefit from historically low interest rates, mitigate future
market risk, further stagger its maturity profile and significantly
reduce its cost of borrowing.
FelCor LP will use the proceeds from the offering, together with
cash on hand and/or funds drawn under its line of credit, to
purchase and redeem all of its outstanding 6.75% Senior Secured
Notes due 2019.
This press release contains forward-looking statements that
involve risks and uncertainties. Factors that could cause actual
results to differ materially from those expressed or implied by the
forward-looking statements include: adverse conditions in the
capital markets and the failure of holders to participate in the
tender offer; changes in federal or state securities laws; and
changes in our business and financial condition. FelCor and FelCor
LP assume no obligation to update forward-looking information
contained in this press release.
About FelCor
FelCor, a real estate investment trust, owns a diversified
portfolio of primarily upper-upscale and luxury hotels that are
located in major and resort markets. FelCor partners with leading
hotel companies to operate its hotels, which are flagged under
globally renowned brands and premier independent hotels. Additional
information can be found on the Company’s website at
www.felcor.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150521006417/en/
FelCor Lodging Trust IncorporatedStephen A. Schafer,
972-444-4912Senior Vice Presidentsschafer@felcor.com
Felcor Lodging (NYSE:FCH)
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