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Summit Hotel Properties, Inc Prices Public Offering of 1 50% Convertible Senior Notes Due 2026

Share this article Share this article AUSTIN, Texas, Jan. 8, 2021 /PRNewswire/ Summit Hotel Properties, Inc. (NYSE: INN) (the Company ) today announced the pricing on January 7, 2021 of an underwritten public offering of $250,000,000 aggregate principal amount of its 1.50% Convertible Senior Notes due 2026 (the Notes ). The offering is expected to close on January 12, 2021 and is subject to customary closing conditions. The Company has granted the underwriters a 13-day option to purchase up to an additional $37.5 million aggregate principal amount of the Notes solely to cover over-allotments, if any. The Notes will be the Company s senior unsecured obligations and will rank equally with all of its existing and future unsecured debt that is not subordinated, senior to any future subordinated debt and junior to all existing and future debt and preferred equity of the Company s subsidiaries. The Notes will pay interest semiannually at a rate of 1.50% per annum and will mature o

New yorkUnited statesNew york stock exchangeRaymond jamesYork stock exchangeCapital marketsSummit hotel properties incDeutsche bank securitiesExchange commissionProspectus departmentProspectus groupRegions securitiesUs bancorpSummit hotel propertiesConvertible senior notesCommon stock

Summit Hotel Properties, Inc Launches Public Offering of Convertible Senior Notes Due 2026

Share this article Share this article AUSTIN, Texas, Jan. 6, 2021 /PRNewswire/ Summit Hotel Properties, Inc. (NYSE: INN) (the Company ) today announced that it has launched an underwritten public offering of $200,000,000 aggregate principal amount of its Convertible Senior Notes due 2026 (the Notes ). The Company expects to grant the underwriters a 13-day option to purchase up to an additional $30.0 million aggregate principal amount of the Notes solely to cover over-allotments, if any. Prior to August 15, 2025, the Notes will be convertible only upon certain circumstances and during certain periods, and thereafter will be convertible at any time prior to the close of business on the second scheduled trading day prior to maturity of the Notes. Upon conversion, holders will receive cash, shares of common stock of the Company, (the Common Stock ) or a combination thereof at the Company s election. The Notes will be issued under the Company s currently effective shelf registra

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Jonathan P Stanner named President and Chief Executive Officer and a member of the Board of Directors at Summit Hotel Properties, Inc

Jonathan P Stanner named President and Chief Executive Officer and a member of the Board of Directors at Summit Hotel Properties, Inc
hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.

United statesDan hansenJonathan stannerJonathanp stannerStrategic hotels resorts incAppointments at summit hotel properties incSummit hotel properties incChief executive officerSummit hotel propertiesHotel propertiesExecutive vice presidentChief financial officerChief investment officerStrategic hotelsBlackstone real estateExecutive chairman

Daniel Hansen named Executive Chairman of the Board of Directors at Summit Hotel Properties, Inc

Daniel Hansen named Executive Chairman of the Board of Directors at Summit Hotel Properties, Inc
hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.

United statesDan hansenJonathan stannerDaniel hansenJonathanp stannerAppointments at summit hotel properties incSummit hotel properties incExecutive chairmanSummit hotel propertiesHotel propertiesChief executive officerExecutive vice presidentChief financial officerChief investment officerHope taitzஒன்றுபட்டது மாநிலங்களில்

Summit Hotel Properties Announces Leadership Transition

Summit Hotel Properties Announces Leadership Transition Dan Hansen to Become Executive Chairman Jonathan Stanner to Become Chief Executive Officer and Join Board of Directors News provided by Share this article Share this article AUSTIN, Texas, Dec. 17, 2020 /PRNewswire/ Summit Hotel Properties, Inc. (NYSE: INN) (the Company ) today announced that Dan Hansen, Chairman, President and Chief Executive Officer will transition to the role of Executive Chairman of the Board of Directors effective January 15, 2021. The Company s Board has elected Jonathan Stanner, the Company s current Executive Vice President, Chief Financial Officer and Treasurer, to become President and Chief Executive Officer and a member of the Board of Directors effective January 15, 2021.

United statesDan hansenJonathan stannerExchange commissionCompany annual report on formCompany boardSummit hotel propertiesStrategic hotels resorts incCompany on twitter at summithotelSummit hotel properties incChief executive officerExecutive chairmanExecutive vice presidentChief financial officerChief investment officerStrategic hotels