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Hospitality Properties Trust Prices Offering Of 14,000,000 Common Shares


Tuesday, 19 Mar 2013 09:10am EDT 

Hospitality Properties Trust announced that it priced a public offering of 14,000,000 common shares at a price to the public of $25.55 per share. The settlement of this offering is expected to occur on March 22, 2013. HPT expects to use the net 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 2,100,000 common shares. The joint bookrunning managers for the common share offering are Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities. The joint co-lead managers are Citigroup, Jefferies, RBC Capital Markets and UBS Investment Bank. The co-managers are BB&T Capital Markets, Janney Montgomery Scott, JMP Securities, MLV & Co., Inc. and Oppenheimer & Co. Inc. 

Company Quote

30.24
-0.27 -0.88%
25 Nov 2014