FelCor Lodging Trust Incorporated FCH today announced that it has closed a new $225 million secured line of credit with a group of seven banks. J.P. Morgan and BofA Merrill Lynch acted as joint lead arrangers. J.P. Morgan is serving as administrative agent for the bank group.
The revolving line of credit bears interest of LIBOR plus 450 basis points and matures in August 2014.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
