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RLJ Lodging plans to redeem 6% FelCor notes due 2025 via new notes
By Marisa Wong
Los Angeles, Sept. 9 – RLJ Lodging Trust announced it plans to redeem all of the outstanding 6% senior notes due 2025 issued by subsidiary FelCor Lodging LP using proceeds from a new offering of senior notes.
RLJ intends to offer $500 million of guaranteed senior secured notes due 2029 through operating partnership RLJ Lodging Trust, LP, according to a news release.
The real estate investment trust is based in Bethesda, Md.
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