FelCor Lodging Trust Incorporated FCH and its subsidiary, FelCor
Lodging Limited Partnership ("FelCor LP"), today announced that FelCor LP
priced $525 million of its senior secured notes offering. The senior secured
notes will bear interest at 5.625% and mature in 2023.
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%, both on
January 2, 2013, and for general corporate purposes.
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