Hospitality Properties Trust (HPT) Announces 10M Share Offering
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.
You May Also Be Interested In
- Regency Energy Partners L.P. (RGP) Files 8.5M Common Shelf for Unitholders
- CymaBay Therapeutics (CBAY) Prices 4M Follow-On at $5.50/Share
- American DG Energy (ADGE) Reports Insufficient Pricing of Public Offering
Create E-mail Alert Related CategoriesEquity Offerings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!