Exhibit 4.2
FELCOR LODGING LIMITED PARTNERSHIP,
as Issuer
AND
FELCOR LODGING TRUST INCORPORATED
FELCOR/CSS HOLDINGS, L.P.
FELCOR HOTEL ASSET COMPANY, L.L.C.
FELCOR PENNSYLVANIA COMPANY, L.L.C.
FELCOR LODGING HOLDING COMPANY, L.L.C.
FELCOR TRS HOLDINGS, L.L.C.
FELCOR CANADA CO.
FELCOR OMAHA HOTEL COMPANY, L.L.C.
MYRTLE BEACH HOTELS, L.L.C.
FELCOR TRS BORROWER 1, L.P.
FELCOR TRS BORROWER 4, L.L.C.
FELCOR/ST. PAUL HOLDINGS, L.P.
as Guarantors
AND
U.S. BANK NATIONAL ASSOCIATION
(AS SUCCESSOR TO SUNTRUST BANK),
as Trustee
____________________
Sixth Supplemental Indenture
Dated as of September 29, 2009
____________________
Supplemental Indenture to the Indenture
dated as of June 4, 2001, as amended
and supplemented as of July 26, 2001,
October 1, 2002, January 25, 2006, December 31, 2006,
and August 16, 2007
with respect to the
8½% Senior Notes due 2011
SIXTH SUPPLEMENTAL INDENTURE
Sixth Supplemental Indenture, dated as of September 29, 2009 (this “Sixth Supplemental Indenture”), by and among FelCor Lodging Limited Partnership, a Delaware limited partnership (“FelCor LP”), FelCor Lodging Trust Incorporated, a Maryland corporation (“FelCor”), FelCor/CSS Holdings, L.P., a Delaware limited partnership, FelCor Hotel Asset Company, L.L.C., a Delaware limited liability company, FelCor Pennsylvania Company, L.L.C., a Delaware limited liability company, FelCor Lodging Holding Company, L.L.C., a Delaware limited liability company, FelCor TRS Holdings, L.L.C., a Delaware limited liability company, FelCor Canada Co., a Nova Scotia unlimited liability company, FelCor Omaha Hotel Company, L.L.C., a Delaware limited liability company, Myrtle Beach Hotels, L.L.C., a Delaware limited liability company, FelCor TRS Borrower 1, L.P., a Delaware limited partnership, FelCor TRS Borrower 4, L.L.C., a Delaware limited liability company, FelCor/St. Paul Holdings, L.P., a Delaware limited partnership, and U.S. Bank National Association (as successor to SunTrust Bank), as trustee (the “Trustee”), under the Indenture (as defined below).
W I T N E S S E T H
WHEREAS, FelCor LP, FelCor and certain subsidiaries named therein previously executed and delivered to the Trustee an indenture, dated as of June 4, 2001, as amended or supplemented prior to the date hereof (the “Indenture”), pursuant to which FelCor LP issued $300,000,000 aggregate principal amount of 8½% Senior Notes due 2011 (the “Notes”);
WHEREAS, Section 9.02 of the Indenture provides that FelCor, FelCor LP, the Subsidiary Guarantors and the Trustee may, with the written consent of the Holders of at least a majority in aggregate principal amount of the Notes then outstanding, enter into a supplemental indenture for the purpose of amending the Indenture, including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase, of the Notes;
WHEREAS, FelCor LP has made a tender offer (the “Tender Offer”) to each registered Holder of Notes to purchase, upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated September 17, 2009, as amended, modified or supplemented (the “Offer to Purchase”), any and all of such Holder’s outstanding Notes for an amount in cash equal to $980 for each $1,000 principal amount of the Notes so tendered and accepted for purchase (the “Tender Offer Consideration”);
WHEREAS, in conjunction with the Tender Offer, FelCor LP has also solicited consents from the Holders for certain proposed amendments (the “Proposed Amendments”) to the Indenture, which Proposed Amendment are contained in this Sixth Supplemental Indenture;
WHEREAS, subject to the terms and conditions set forth in the Offer to Purchase, FelCor LP has also offered to pay each Holder who validly consents to the Proposed Amendments and validly tenders Notes at or prior to the Consent Date (as defined in the Offer to Purchase), in addition to the Tender Offer Consideration, an amount in cash equal to approximately $20.00 for each $1,000 principal amount of Notes so tendered and accepted for purchase (the “Consent Payment” and together with the Tender Offer Consideration, the “Total Consideration”);
WHEREAS, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes have consented to the Proposed Amendments; and
WHEREAS, this Sixth Supplemental Indenture is effective as of the date upon which the conditions set forth in Section 3 hereof are satisfied.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, FelCor, FelCor LP, each Subsidiary Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
SECTION 1. Definitions. For all purposes of the Indenture and this Sixth Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires:
(1) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to the Indenture and this Sixth Supplemental Indenture as a whole and not to any particular Article, Section or subdivision; and
(2) capitalized terms used but not defined in this Sixth Supplemental Indenture shall have the meanings assigned to them in the Indenture.
SECTION 2. Amendments. The Indenture is hereby amended with respect to the Notes as follows:
(1) Section 4.03 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.03, INTENTIONALLY OMITTED.”
(2) Section 4.04 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.04, INTENTIONALLY OMITTED.”
(3) Section 4.05 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.05, INTENTIONALLY OMITTED.”
(4) Section 4.06 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.06, INTENTIONALLY OMITTED.”
(5) Section 4.07 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.07, INTENTIONALLY OMITTED.”
(6) Section 4.08 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.08, INTENTIONALLY OMITTED.”
(7) Section 4.09 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.09, INTENTIONALLY OMITTED.”
(8) Section 4.10 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.10, INTENTIONALLY OMITTED.”
(9) Section 4.11 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.11, INTENTIONALLY OMITTED.”
(10) Section 4.12 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.12, INTENTIONALLY OMITTED.”
(11) Section 4.13 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.13, INTENTIONALLY OMITTED.”
(12) Section 4.14 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.14, INTENTIONALLY OMITTED.”
(13) Section 4.15 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.15, INTENTIONALLY OMITTED.”
(14) Section 4.16 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.16, INTENTIONALLY OMITTED.”
(15) Section 4.17 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.17, INTENTIONALLY OMITTED.”
(16) Section 4.18 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.18, INTENTIONALLY OMITTED.”
(17) Section 4.19 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.19, INTENTIONALLY OMITTED.”
(18) Section 4.20 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.20, INTENTIONALLY OMITTED.”
(19) Section 4.21 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.21, INTENTIONALLY OMITTED.”
(20) Sections 5.01 the Indenture is hereby amended to delete the text in subsections (iii) and (iv) and to replace the text thereof with the text “INTENTIONALLY OMITTED.”
(21) Sections 6.01 the Indenture is hereby amended to delete the text in subsections (c), (e) and (f) and to replace the text thereof with the text “INTENTIONALLY OMITTED.”
(22) Section 8.02 of the Indenture is hereby amended to delete the text in subsections (B), (C), (E) and (F) and to replace the text thereof with the text “INTENTIONALLY OMITTED.”
(23) all definitions set forth in Section 1.01 of the Indenture that relate to defined terms used solely in covenants or sections deleted hereby shall be deleted in their entirety and all references to sections of the Indenture that are used exclusively in the text of the Indenture that are being otherwise eliminated by this Sixth Supplemental Indenture shall be deleted in their entirety.
SECTION 3. Effectiveness. This Sixth Supplemental Indenture amends and supplements the Indenture with respect to the Notes and shall be a part and subject to all of the terms thereof. Except as amended and supplemented hereby, the Indenture shall continue in full force and effect.
The Proposed Amendments effected by this Sixth Supplemental Indenture shall take effect on the date hereof, provided that each of the parties hereto shall have executed and delivered this Sixth Supplemental Indenture; provided, however, that the Proposed Amendments set forth in Section 2 hereof shall be operative only upon, and simultaneously with, and shall have no force and effect prior to, FelCor LP’s deposit of cash on the Settlement Date (as defined in the Offer to Purchase) in sufficient amount to pay to each Holder of tendered Notes that have been accepted (which shall be at least a majority in aggregate principal amount of the Notes then outstanding) for purchase and payment by FelCor LP the Total Consideration or the Tender Offer Consideration, as applicable, including any accrued and unpaid interest up to but not including the Settlement Date.
SECTION 4. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SIXTH SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
SECTION 5. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Sixth Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by FelCor, FelCor LP and the Subsidiary Guarantors.
SECTION 6. Successors and Assigns. All agreements of FelCor, FelCor LP and the Subsidiary Guarantors in this Sixth Supplemental Indenture shall bind their respective successors and assigns. All agreements of the Trustee in this Sixth Supplemental Indenture shall bind its successors.
SECTION 7. Separability. In case any provision of this Sixth Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
SECTION 8. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof.
SECTION 9. Counterparts. The parties may sign any number of copies of this Sixth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
[SIGNATURE PAGES FOLLOW]
IN WITNESS WHEREOF, the parties hereto have caused this Sixth Supplemental Indenture to be duly executed as of the date first above written.
FELCOR LODGING LIMITED PARTNERSHIP, a Delaware limited partnership | ||||
By: | FelCor Lodging Trust Incorporated, a Maryland corporation its general partner | |||
By: | /s/ Jonathan H. Yellen | |||
Name: Title: | Jonathan H. Yellen Executive Vice President, General Counsel and Secretary | |||
FELCOR LODGING TRUST INCORPORATED, a Maryland corporation | |||
By: | /s/ Jonathan H. Yellen | ||
Name: Title: | Jonathan H. Yellen Executive Vice President, General Counsel and Secretary | ||
FELCOR/CSS HOLDINGS, L.P., a Delaware limited partnership FELCOR/ST. PAUL HOLDINGS, L.P., a Delaware limited partnership | ||||
By: | FelCor/CSS Hotels, L.L.C., a Delaware limited liability company, as general partner of each entity | |||
By: | /s/ Jonathan H. Yellen | |||
Name: Title: | Jonathan H. Yellen Executive Vice President | |||
[Signatures Continue On Following Page]
Signature Page to Sixth Supplemental Indenture (8½% Notes)
FELCOR HOTEL ASSET COMPANY, L.L.C., a Delaware limited liability company FELCOR PENNSYLVANIA COMPANY, L.L.C., a Delaware limited liability company FELCOR LODGING HOLDING COMPANY, L.L.C., a Delaware limited liability company FELCOR TRS HOLDINGS, L.L.C., a Delaware limited liability company FELCOR CANADA CO., a Nova Scotia unlimited liability company FELCOR OMAHA HOTEL COMPANY, L.L.C., a Delaware limited liability company MYRTLE BEACH HOTELS, L.L.C., a Delaware limited liability company FELCOR TRS BORROWER 4, L.L.C., a Delaware limited liability company | |||
By: | /s/ Jonathan H. Yellen | ||
Name: Title: | Jonathan H. Yellen Executive Vice President | ||
FELCOR TRS BORROWER 1, L.P., a Delaware limited partnership | ||||
By: | FelCor TRS Borrower GP 1, L.L.C., a Delaware limited liability company, its general partner | |||
By: | /s/ Jonathan H. Yellen | |||
Name: Title: | Jonathan H. Yellen Executive Vice President | |||
[Signatures Continue On Following Page]
Signature Page to Sixth Supplemental Indenture (8½% Notes)
U.S. BANK NATIONAL ASSOCIATION, AS SUCCESSOR TO SUNTRUST BANK, as Trustee | |||
By: | /s/Richard Prokosch | ||
Name: | Richard Prokosch | ||
Title: | Vice President |