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HPT Prices Recent Common Share Offering

Jun 19, 2009 | Reprints | Unlock Link | Print

Newton REIT Hospitality Properties Trust has priced the previously announced public offering of 17.5 million common shares at $11.50 per share.

The settlement of this sale is expected to occur on June 24. HPT said it expects to use the net proceeds to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes.

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HPT Prices Recent Common Share Offering

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HPT Prices Recent Common Share Offering