Hospitality Properties Trust, a real estate investment trust based in Newton, will raise an additional $19.8 million after its underwriters announced they will exercise their overallotment options after the company’s recent public offering.

Exercising the overallotment option will allow the underwriters to buy an additional 1.2 million common shares of beneficial interest.

The closing of the overallotment option is expected to occur Wednesday.

Morgan Stanley, Citi and RBC Capital Markets acted as joint book running managers for this offering. Morgan Keegan & Co. Inc., UBS Investment Bank and Wells Fargo Securities acted as co-lead managers. Janney Montgomery Scott and Oppenheimer & Co. acted as co-managers for this offering.

HPT Underwriters Exercise Overallotment Option

by Banker & Tradesman time to read: <1 min
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