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Lasalle Hotel Properties Announces Sale Of 6,700,000 Common Shares


Monday, 21 Oct 2013 04:00pm EDT 

LaSalle Hotel Properties announced that the sale of 6,700,000 common shares to Citigroup and Deutsche Bank Securities as underwriters in an underwritten public offering pursuant to its effective shelf registration statement previously filed with the Securities and Exchange Commission. The Company has also granted the underwriters an option to purchase up to 1,005,000 additional shares. The Company intends to use the net proceeds of this offering to reduce amounts outstanding under the Company's senior unsecured credit facility. 

Company Quote

35.5
0.02 +0.06%
12:21pm EDT