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Holloway Lodging Corp (HLC.TO)

HLC.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Holloway Lodging Corp announces repayment of maturing mortgages and refinancing transactions
Thursday, 18 May 2017 08:00am EDT 

May 18 (Reuters) - Holloway Lodging Corp :Holloway Lodging Corp announces repayment of maturing mortgages and refinancing transactions.Has refinanced all of its 2017 mortgage maturities.Has entered into a credit facility with a syndicate of lenders led by CWB Franchise Finance.Credit facility consists of a $50.0 million term loan and a $30.0 million revolver.Holloway Lodging- has repaid an aggregate of $90.3 million of debt set to mature in 2017, as of May 17, Holloway has total debt outstanding of $212.4 million.Holloway Lodging - has also entered into a commitment letter for a mortgage secured by two hotels located in Alberta with an Alberta-based credit union.Holloway Lodging - mortgage expected to have maximum principal amount of $17.5 million, interest rate of 4.25 pct, an amortization period of 15 years & a 5-year term.  Full Article

Holloway Lodging Corporation Q1 AFFO per share $0.01
Wednesday, 10 May 2017 07:30pm EDT 

May 10 (Reuters) - Holloway Lodging Corp :Holloway Lodging Corporation reports significant growth in q1 2017 results and declares quarterly dividend.Qtrly adjusted funds from operations $0.01.Qtrly FFO per share $0.03.Says expect results of its western canada hotels to gradually improve as year progresses.  Full Article

Holloway Lodging reports sale of travelodge® hotel in Belleville
Monday, 20 Mar 2017 08:48am EDT 

Holloway Lodging Corp : Holloway Lodging Corp. Announces sale of travelodge® hotel in Belleville, on . Holloway Lodging Corp - sale price for hotel was $7.0 million .Holloway Lodging Corp - Holloway will use sale proceeds to repay mortgage on property and will hold remaining sale proceeds as cash on hand.  Full Article

Holloway Lodging Corp says Qtrly FFO per basic share $0.07
Thursday, 9 Mar 2017 03:12pm EST 

Holloway Lodging Corp : Holloway Lodging Corporation reports 2016 year end results and declares quarterly dividend . Qtrly adjusted funds from operations per basic share $0.06 . Qtrly FFO per basic share $0.07 . "Results in our other regions should remain stable or improve in 2017" . "We believe we will experience gradual improvement in our results in western canada as year progresses" . Expect to commence in Q2 of 2017 renovations of holiday inn and super 8 hotels in Grande Prairie, AB .Continue to advance process of refinancing mortgages that mature in 2017.  Full Article

Holloway Lodging Corp. announces sale of Travelodge hotel in Barrie, ON
Monday, 26 Sep 2016 01:48pm EDT 

Holloway Lodging Corp : Holloway Lodging Corp. announces sale of Travelodge® hotel in Barrie, ON . Does not anticipate paying any tax on sale of property . Holloway estimates that it will record a gain on sale of approximately $3.0 million in Q3 of 2016 . Sale price for hotel is $8.7 million .Holloway Lodging Corp says initially, Holloway will apply sale proceeds to reduce its credit line balance.  Full Article

Holloway Lodging Corp posts qtrly AFFO per basic share $0.18
Thursday, 11 Aug 2016 10:13am EDT 

Holloway Lodging Corp: Holloway Lodging Corporation reports Q2 2016 results, declares quarterly dividend and announces normal course issuer bid . Holloway Lodging Corp qtrly basic FFO per share $0.20 .Qtrly AFFO per basic share $0.18.  Full Article

Holloway Lodging Corp declared a quarterly dividend and announces normal course issuer bid
Wednesday, 12 Aug 2015 12:07pm EDT 

Holloway Lodging Corp:Declared a quarterly dividend of $0.035 per share.Payable on Sept. 15.Record date as on Aug. 31.Intends to make a normal course issuer bid for up to 967,683 of its common shares, representing 5 pct of the issued and outstanding shares as of Aug. 11.  Full Article

BRIEF-Holloway Lodging announces proposed debenture amendments

* Holloway Lodging Corporation announces proposed debenture amendments