Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wednesday, December 11, 7:17 PM
Slide #556. LaSalle Hotel Properties — Preferred Stock Offering
| Company: |
LaSalle Hotel Properties (LHO) |
| Date announced: |
2/27/2013 |
| Shares Offered: |
4,000,000 |
| Closed Date: |
3/12/2013 |
| Date of Over-Allotment Closing: |
3/12/2013 |
| Final Completed Deal Size: |
4,400,000.00 |
| Preferred Stock Offering Details: |
LaSalle Hotel Properties (NYSE:LHO) today announced that it has priced an underwritten public offering of 4,000,000 6.375% Series I Cumulative Redeemable Preferred Shares at a price of $25.00 per share for gross proceeds of $100 million. The Company granted the underwriters a 30-day option to purchase up to an additional 600,000 Series I Preferred Shares to cover over-allotments, if any. The offering is expected to close on March 4, 2013, subject to customary closing conditions. --updated 3/12 - LaSalle Hotel Properties (NYSE:LHO) today announced that the underwriters of its recent public offering of 6.375% Series I Cumulative Redeemable Preferred Shares have exercised their option to purchase an additional 400,000 Series I Preferred Shares, bringing the total number of shares issued in this offering to 4,400,000 Series I Preferred Shares. |
LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. Co. primarily buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets.
Preferreds: LHO.PRH, LHO.PRG, LHO.PRI, LHO.PRJ
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