Hospitality Properties Trust (HPT) Prices 11M Share Stock Offering
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Hospitality Properties Trust Prices Offering of 11,000,000 Common Shares
August 15, 2016 8:40 PM EDTNEWTON, Mass.--(BUSINESS WIRE)-- Hospitality Properties Trust (Nasdaq: HPT) today announced that it has priced a public offering of 11,000,000 common shares at a price to the public of $30.75 per common share. The settlement of this offering is expected to occur on August 19, 2016. HPT expects to use the proceeds of this offering to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes. The underwriters have been granted a 30-day option to purchase up to an additional 1,650,000 common shares.
The joint bookrunning managers for this offering are Citigroup,... More
Hospitality Properties Trust Announces Proposed Public Offering of 11,000,000 Common Shares
August 15, 2016 4:05 PM EDTNEWTON, Mass.--(BUSINESS WIRE)-- Hospitality Properties Trust (Nasdaq: HPT) today announced that it has commenced a public offering of 11,000,000 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 1,650,000 common shares.
The joint bookrunning managers for this offering are Citigroup, BofA Merrill Lynch and Morgan Stanley.
This press release is neither an... More
