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MeriStar Partnership Extends Consent Solicitation

WASHINGTON, DC-MeriStar Hospitality Operating Partnership LP plans to increase the amount currently being offered and extend the timeframe for solicitation of consents from holders of its 9% senior notes due 2008 and 9-1/8% senior notes due 2011.

By Amy Vaughn | Updated on July 02, 2001

WASHINGTON, DC-The operating partnership, MeriStar Hospitality Operating Partnership LP, of MeriStar Hospitality Corp. will extend its solicitation of consents from holders of its 9% senior notes due 2008 and 9-1/8% senior notes due 2011. A spokesperson for the company confirms that MeriStar will seek “a waiver of the obligation to make a Change of Control Offer to purchase these notes following the closing of its previously announced agreement to merge with FelCor Lodging Trust Inc.”

MeriStar and FelCor will complete their merger by the end of the third quarter, subject to the shareholders of the two companies. The company reports, “The solicitation of consents is being made upon the terms and subject to the conditions set forth in the consent solicitation statement, consent forms and related materials mailed to holders of the notes, as amended.”

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