FelCor gets $250 million amended and restated revolver

By Sara Rosenberg

New York, Aug. 21 - FelCor Lodging Trust Inc. closed on a $250 million amended and restated revolving credit facility due Aug. 16, 2011, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

JPMorgan and Citigroup acted as joint lead arrangers and joint bookrunners on the deal that was completed on Aug. 16, with JPMorgan the administrative agent, Citicorp as syndication agent, and Bank of America, Deutsche Bank and Wachovia documentation agents.

Pricing on the revolver can range from Libor plus 80 to 150 basis points, depending on leverage.

There is a $250 million accordion feature.

The facility replaces the company's previous $125 million revolver that was set to mature on Jan. 2, 2009.

FelCor is an Irving, Texas-based lodging real estate investment trust.

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