Hospitality Properties Trust (HPT) Announces 10M Share Offering

March 18, 2013 4:41 PM EDT
Hospitality Properties Trust (NYSE: HPT) today announced it has commenced a public offering of 10,000,000 common shares. HPT expects to use the proceeds of this offering to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes. It is contemplated that the underwriters will also be granted a 30-day option to purchase up to an additional 1,500,000 common shares.

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