X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Meristar Hospitality Corp. has announced that its operating partnership, MeriStar Operating Partnership, has extended its solicitation of consents from holders of its some of its senior notes, following the closure of its merger with FelCor Lodging Trust. The company extended its previously announced solicitation of consents from holders of its 9% senior notes, due 2008, and 9-1/8% senior notes due 2011.

MeriStar is seeking a waiver of the requirement to make a change of control offer to purchase these notes, after the FelCor merger. MeriStar will pay consenting holders $5 in cash for each $1,000 principal amount of their notes if the waiver becomes effective. As extended, the solicition of wavers will expire at 5 p.m. Thursday, unless MeriStar extends it again. Solicitation agents are Deutsche Banc Alex. Brown and Lehman Brothers, and information agent for the solicitation is MacKenzie Partners Inc.

MeriStar Hospitality Corporation owns 113 upscale, full-service hotels in 27 states, the District of Columbia and Canada, with brands including Hilton, Sheraton, Marriott, Westin, Radisson and Doubletree.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.