Friday, FelCor Lodging Trust Inc. (FCH) and its subsidiary FelCor Lodging Limited Partnership reported the completion of its previously announced tender offers for all of its $215 million aggregate principal amount of senior secured floating rate notes due 2011 and all of its $300 million aggregate principal amount of 81/2% senior notes due 2011. Through October 15, 2009, when the tender offers expired, FelCor LP had received tenders for $213.3 million of the 8 1/2% Notes, or approximately 71% of the amount outstanding at the commencement of the tender offer, and $213.6 million of the Floating Rate Notes, or approximately 99% of the amount outstanding at the commencement of the tender offer. FelCor LP expects to call for redemption all remaining Floating Rate Notes.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.