FelCor draws $98.5 million under delayed-draw term loan

By Sara Rosenberg

New York, Nov. 2 - FelCor Lodging Trust Inc. drew down $98.5 million under its delayed-draw term loan that is available until Jan. 9, 2006, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

The draw was made on Oct. 27 and, in connection with the transaction, the company completed the defeasance of a loan held by LaSalle Bank.

FelCor is an Irving, Texas-based lodging real estate investment trust and owner of full service, all-suite hotels.

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