Hospitality Properties Trust (HPT) said it has priced a public offering of 14 million shares at a price of $25.55 per share. The settlement of this offering may occur on Friday, March 22, 2013. HPT would use the net proceeds to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes. The underwriters have been granted a 30-day option to buy up to an additional 2.1 million shares.
The joint bookrunning managers for the common share offering are Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities. The joint co-lead managers are Citigroup, Jefferies, RBC Capital Markets and UBS Investment Bank. The co-managers are BB&T Capital Markets, Janney Montgomery Scott, JMP Securities, MLV & Co., Inc. and Oppenheimer & Co. Inc.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.