Four Seasons mails second notice to holders of its Convertible Notes

    TORONTO, April 13 /CNW/ - Four Seasons Hotels Inc. (TSX Symbol "FSH";
NYSE Symbol "FS") announced today that it has mailed a notice to the holders
of its 1.875% Convertible Senior Notes due 2024 containing information in
connection with the proposed acquisition of the Company by FS Acquisition
Corp., a newly formed company owned by affiliates of Cascade Investment,
L.L.C. (an entity owned by William H. Gates III), Kingdom Hotels International
(a company owned by a trust created for the benefit of His Royal Highness
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud and his family) and Isadore
Sharp. The notice, among other things, advises holders of notes that the
proposed acquisition and a subsequent amalgamation of the Company and FS
Acquisition Corp. will, if completed, result in the notes being convertible
under, and in accordance with, the indenture governing the notes.

    This news release contains "forward-looking statements" within the
meaning of applicable securities laws relating to the proposal to take Four
Seasons Hotels Inc. private, including statements regarding the terms and
conditions of the proposed transaction. Readers are cautioned not to place
undue reliance on forward-looking statements. Actual results and developments
may differ materially from those contemplated by these statements depending
on, among other things, the risks that the parties will not proceed with a
transaction, that the ultimate terms of the transaction will differ from those
that currently are contemplated, and that the transaction will be not be
successfully completed for any reason (including the failure to obtain the
required approvals or clearances from regulatory authorities). The statements
in this news release are made as of the date of this release and, except as
required by applicable law, we undertake no obligation to publicly update or
revise any forward-looking statement, whether as a result of new information,
future events or otherwise. Additionally, we undertake no obligation to
comment on analyses, expectations or statements made by third parties in
respect of Four Seasons, its financial or operating results or its securities
or any of the properties that we manage or in which we may have an interest.

For further information:

For further information: John Davison, Chief Financial Officer, (416)
441-6714; Barbara Henderson, Senior Vice President, Corporate Finance, (416)

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890