NEWTON, Mass.--(BUSINESS WIRE)--
Hospitality Properties Trust (Nasdaq: HPT) today announced that the
underwriters of its recent public offering of common shares have
exercised in full their option to purchase an additional 1,650,000
common shares of beneficial interest, raising additional net proceeds of
approximately $48.6 million. The settlement for such shares is expected
to occur on August 26, 2016.
The joint bookrunning managers for this offering were Citigroup, BofA
Merrill Lynch and Morgan Stanley. The joint lead managers for this
offering were Jefferies, RBC Capital Markets and UBS Investment Bank.
The co-managers of this offering were Baird, BB&T Capital Markets,
Cannacord Genuity, Cantor Fitzgerald & Co., D.A. Davidson & Co., FBR,
Janney Montgomery Scott, JMP Securities and Oppenheimer & Co.
This press release is neither an offer to sell nor a solicitation of an
offer to buy shares, nor shall there be any sale of these securities in
any state or jurisdiction in which the offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of such state or jurisdiction. The prospectus supplement relating
to this offering and related prospectus have been filed with the
Securities and Exchange Commission (SEC) and copies can be obtained by
contacting the offices of: Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800)
831-9146; BofA Merrill Lynch, Attn: Prospectus Department,
NC1-004-03-43, 200 North College Street, 3rd Floor,
Charlotte, NC 28255-0001, email: dg.prospectus_requests@baml.com;
or Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014.
WARNING CONCERNING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE INCLUDES FORWARD LOOKING STATEMENTS WITHIN THE
MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND
OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON
HPT'S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE FORWARD LOOKING
STATEMENTS ARE NOT GUARANTEED. FOR EXAMPLE: THE FACT THAT THE
UNDERWRITERS HAVE EXERCISED THEIR OPTION TO PURCHASE 1,650,000 SHARES
MAY IMPLY THAT THE SETTLEMENT OF THIS SALE OF SHARES WILL OCCUR; BUT THE
SETTLEMENT IS SUBJECT TO CONDITIONS CUSTOMARY IN TRANSACTIONS OF THIS
TYPE; AND MAY BE DELAYED OR MAY NOT OCCUR AT ALL. FOR THESE REASONS,
AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON
FORWARD LOOKING STATEMENTS.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160824005323/en/
Source: Hospitality Properties Trust