Hospitality Properties Trust Announces Proposed Public Offering of 11,000,000 Common Shares
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Hospitality Properties Trust (HPT) Prices 11M Share Stock Offering
August 16, 2016 5:51 AM EDTHospitality Properties Trust (Nasdaq: HPT) today announced that it has priced a public offering of 11,000,000 common shares at a price to the public of $30.75 per common share. The settlement of this offering is expected to occur on August 19, 2016. HPT expects to use the proceeds of this offering to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes. The... More
