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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item
Published on 12/12/2012 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

FelCor to redeem $258 million of 10% notes via new notes offering

By Tali David

Minneapolis, Dec. 12 - FelCor Lodging Trust Inc. and its subsidiary, FelCor Lodging LP, plan to use the proceeds of a senior note offering to redeem about $258 million of its 10% senior notes due 2014, according to a press release.

FelCor will also use the proceeds to repay a $186 million mortgage loan that bears interest at 8.1% and for general corporate purposes.

FelCor is an Irving, Texas-based real estate investment trust that owns upscale all-suite hotels.


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