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Article: FelCor Commences Tender Offers for Its Senior Floating Rate Notes Due 2011 and 7-5/8% Senior Notes Due 2007.
- Article from:
- PR Newswire
- Article date:
- October 17, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IRVING, Texas, Oct. 17 /PRNewswire-FirstCall/ -- FelCor Lodging Trust Incorporated , one of the nation's largest hotel real estate investment trusts (REITs), and its subsidiary FelCor Lodging Limited Partnership (FelCor LP), today announced that on October 16, 2006 FelCor LP commenced cash tender offers for all of its $290 million aggregate principal amount of senior floating rate notes due 2011 (Cusip No. 3143Q AS 6), which bear interest at LIBOR plus 4.25% per annum (currently 9.57031%), and all of its $125 million aggregate principal amount of 7-5/8% senior notes due 2007 Cusip No. 313917AF3. In connection with the tender offers, FelCor LP is also soliciting consents ...