Ashford Hospitality Trust Announces Closing Of Corporate Financing
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DALLAS, Jan. 15, 2021 /PRNewswire/ Ashford Hospitality Trust, Inc. (NYSE: AHT) ( Ashford Trust or the Company ) today announced that the Company has closed on the previously announced strategic financing from funds managed by Oaktree Capital Management, L.P. ( Oaktree ). The Company drew down $200 million on the financing at closing and has the option to draw down an additional $250 million, if needed. The optional additional drawdown has increased $100 million from the previously announced terms. We re excited to announce the closing of this strategic financing with Oaktree and believe this partnership will be beneficial for the Company going forward, commented J. Robison Hays, Ashford Trust s President and Chief Executive Officer. With this important financing now closed and vaccine distribution ramping up, we look forward to getting our hotels
Billionaire investor Howard Marks firm brings Ashford Hospitality (AHT) stock back from the dead – Idaho Reporter idahoreporter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idahoreporter.com Daily Mail and Mail on Sunday newspapers.
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Dallas hotel owner Ashford Hospitality under pressure to overhaul board from activist investor Cygnus
Cygnus, which owns 2.8% of Ashford’s common stock, excoriated the company for its alleged mistreatment of stockholders.
Ashford Hospitality Trust owns 103 properties, including the W and Ritz-Carlton in Atlanta.(Ashford Hospitality)
atop a real estate investment trust led by Dallas hotelier Monty Bennett.
Cygnus, in a letter Tuesday to shareholders of Ashford Hospitality Trust, said it is backing a slate of five “highly qualified” candidates for seats on the trust’s executive board. Cygnus alleged the company’s eight-member board has been structured in a way that allows Bennett, the company’s founder and chairman, and his allies “to prioritize their interests above all else.”
Ashford Hospitality Trust Secures Commitment For $200 Million Corporate Financing With Ability To Upsize To $350 Million elpasoinc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elpasoinc.com Daily Mail and Mail on Sunday newspapers.