FelCor greenshoe exercised, raising convertibles to $115 million

New York, April 5 - FelCor Lodging Trust Inc. said the underwriters of its recent add-on offering of $1.95 series A cumulative convertible preferred stock exercised the $15 million over-allotment option in full, raising the size of the deal to $115 million principal amount.

The Irving, Texas, hotel real estate investment trust originally priced $100 million principal amount of the securities after the close on March 30 at $23.79 versus par of $25 to yield 8.375%. The conversion price is $32.25.

Bear Stearns & Co. Inc. and Citigroup Global Markets Inc. were joint bookrunners.

FelCor will use proceeds for general corporate purposes.

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