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RLJ Lodging Trust Announces Public Offering Of Common Shares

Tuesday, 19 Mar 2013 04:07pm EDT 

RLJ Lodging Trust announced the commencement of an underwritten public offering of 11,500,000 common shares of beneficial interest. The Company intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 1,725,000 common shares. The Company intends to use the net proceeds from the offering to fund potential acquisitions and for general corporate purposes, and may use net proceeds to repay amounts outstanding from time to time under its unsecured revolving credit facility. 

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