REIT Hospitality Properties Prices $600M In Bonds

Law360, New York (January 11, 2017, 4:22 PM EST) -- Hospitality Properties Trust said Tuesday that it has priced a $600 million underwritten public offering of senior notes with guidance from Sullivan & Worcester LLP, which the real estate investment trust will look to use to pay down debt.

The company priced $200 million in 4.5 percent unsecured senior notes due in June 2023 and $400 million in 4.95 percent unsecured senior notes due in February 2027, according to a statement announcing the offering.

Hospitality Properties expects to use the proceeds to pay down debt outstanding...
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