FelCor Completes Redemption of Its 8% Series C Cumulative Redeemable Preferred Stock
15 Maio 2015 - 9:37AM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) today
announced that it has completed the redemption of all its
outstanding shares of 8% Series C Cumulative Redeemable Preferred
Stock.
“We continue to deliver on our commitment to increase
stockholder value by further enhancing returns on investments,
improving our portfolio quality and strengthening our balance
sheet. By redeeming our 8% Series C preferred stock, we are
reducing our cost of capital and increasing our funds from
operations and funds available for distribution. At the same time,
our portfolio continues to deliver peer-leading RevPAR and EBITDA
growth,” said Richard A. Smith, FelCor’s President and Chief
Executive Officer.
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 throughout the U.S. FelCor
partners with leading hotel companies to operate its hotels, which
are flagged under globally renowned names and premier independent
hotels.
FelCor Lodging Trust IncorporatedStephen A. Schafer,
972-444-4912Senior Vice Presidentsschafer@felcor.com
Felcor Lodging (NYSE:FCH)
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