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home / news releases / INN - Summit Hotel Properties prices 1.50% convertible senior notes due 2026

INN - Summit Hotel Properties prices 1.50% convertible senior notes due 2026

Summit Hotel Properties Inc.
Summit Hotel Properties (INN) has priced $250M of its 1.50% convertible senior unsecured notes due February 15, 2026.Offering is expected to close on January 12.Underwriters' over-allotment is an additional $37.5M.The company intends to use a portion of the net proceeds to pay the cost of the capped call transactions and will contribute the remaining net proceeds to its operating partnership.Previously: Summit Hotel launches public offering of convertible senior notes due 2026 (Jan. 6)

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Summit Hotel Properties prices 1.50% convertible senior notes due 2026
Stock Information
Company Name: Summit Hotel Properties Inc.
Stock Symbol: INN
Market: NYSE
Website: shpreit.com
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