Orient-Express Hotels (OEH) Prices 22.5M Shares at $5.75
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Orient-Express Hotels Ltd. (NYSE: OEH) announced the pricing of its public offering of 22,500,000 Class A common shares at a price of $5.75 per share.
The Company intends to use the net proceeds from this offering, which are expected to be approximately $123 million (without giving effect to any exercise of the underwriters' over-allotment option), primarily for debt reduction and general corporate purposes.
The Company intends to use the net proceeds from this offering, which are expected to be approximately $123 million (without giving effect to any exercise of the underwriters' over-allotment option), primarily for debt reduction and general corporate purposes.
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