FelCor Lodging repays, terminates $400 million facility on merger

By Sarah Lizee

Olympia, Wash., Sept. 1 – FelCor Lodging LP repaid in full all outstanding amounts under its $400 million credit facility and terminated the agreement on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA, was the administrative agent.

The repayment and termination were in connection with the completion of the company’s merger with and into RLJ Lodging Trust. FelCor is now a wholly owned subsidiary of RLJ.

FelCor and RLJ are real estate investment trusts based in Irving, Texas and Bethesda, Md., respectively, that own hotels.

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