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: “ Se