Monday, FelCor Lodging Trust Inc. (FCH) and its unit, FelCor Lodging Limited Partnership or FelCor LP, announced that FelCor Escrow Holdings, LLC., a wholly owned subsidiary of FelCor LP, received consents from holders of a majority in principal amount of the outstanding 10% Senior Secured Notes due 2014, to amend the indenture governing the New Notes.
The company added that the amendment will become effective upon execution of a supplemental indenture today. The consent solicitation expires at 5:00 p.m., New York City time, on October 13, 2009, unless extended or earlier terminated. J.P. Morgan Securities Inc. is acting as solicitation agent for the consent solicitation.
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