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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