Orient-Express Hotels announces pricing of common share offering
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Orient-Express Hotels announces pricing of common share offering
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Catégorie : Monde - Économie du secteur
- Chiffres et études
Ceci est un communiqué de presse sélectionné par notre comité éditorial et mis en ligne gratuitement le 30-04-2009
Orient-Express Hotels Ltd. (NYSE: OEH, http://www.orient-express.com), today announced the pricing of its public offering of 22,500,000 Class A common shares at a price of $5.75 per share. The Company has granted the underwriters an option to purchase up to an additional 3,375,000 shares to cover over-allotments, if any. Subject to customary conditions, the offering is expected to close on or about Monday, May 4, 2009.
The Company intends to use the net proceeds from this offering, which are expected to be approximately $123 million (without giving effect to any exercise of the underwriters’ over-allotment option), primarily for debt reduction and general corporate purposes.
Deutsche Bank Securities Inc. is acting as sole bookrunner for this offering.
A copy of the final prospectus supplement and prospectus relating to these securities may be obtained by contacting Deutsche Bank Securities, Attn: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, telephone: (800) 503-4611
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