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Chatham Lodging Trust Prices Public Offering of Common Shares

Thursday, 13 Jun 2013 09:43am EDT 

Chatham Lodging Trust announced that it has priced its public offering of 4,500,000 common shares of beneficial interest, $0.01 par value per share, at $16.35 per share, for total gross proceeds of $73,575,000, prior to underwriting discounts and offering expenses. The offering is expected to close on June 18, 2013. The underwriters have a 30-day option to purchase up to an additional 675,000 shares to cover overallotments, if any. 

Company Quote

0.24 +0.87%
4:02pm EDT