Hospitality Properties Trust Prices $400 Million Notes


NEWTON, Mass.--(BUSINESS WIRE)--Hospitality Properties Trust (Nasdaq: HPT) today announced that it has priced an underwritten public offering of $400 million of 3.950% unsecured senior notes due January 15, 2028. The settlement of this offering is expected to occur on October 26, 2017, subject to customary closing conditions.

HPT expects to use the net proceeds from this offering to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes.

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