Add
HPT to Portfolio
Set Alert
Email to a
Friend
| |||
|
|
Quotes & Info
|
| HPT > SEC Filings for HPT > Form 8-K on 10-Aug-2009 | All Recent SEC Filings |
10-Aug-2009
Other Events, Financial Statements and Exhibits
On August 7, 2009, Hospitality Properties Trust, or the Company, agreed to sell $300,000,000 aggregate principal amount of its 7.875% Senior Notes due 2014, or the Notes, in a public offering. The Notes are expected to be issued on August 12, 2009, and will be issued under a supplemental indenture to the Company's indenture dated February 25, 1998. The Notes will be senior unsecured obligations of the Company and will have substantially the same covenants as the Company's other outstanding senior unsecured notes issued under that indenture, except that the Company's Total Unencumbered Assets/Unsecured Debt covenant applicable to the Notes requires it to maintain Total Unencumbered Assets (as defined in the supplemental indenture) of at least 150% of Unsecured Debt (as so defined). The Company expects to use the estimated $295 million net proceeds from this offering to reduce amounts outstanding under its revolving credit facility.
A prospectus supplement relating to the Notes will be filed with the Securities and Exchange Commission. This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
THIS REPORT CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER FEDERAL SECURITIES LAWS, INCLUDING WITH RESPECT TO THE COMPANY'S ISSUANCE OF THE NOTES AND ITS INTENDED USE OF THE PROCEEDS. THESE FORWARD LOOKING STATEMENTS ARE BASED ON THE COMPANY'S PRESENT EXPECTATIONS, BUT THESE STATEMENTS AND THE IMPLICATIONS OF THESE STATEMENTS ARE NOT GUARANTEED. YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS. EXCEPT AS REQUIRED BY LAW, WE DO NOT INTEND TO UPDATE OR CHANGE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.
(d) Exhibits.
1.1 Underwriting Agreement dated as of August 7, 2009, between Hospitality Properties Trust and the underwriters named therein, pertaining to $300,000,000 in aggregate principal amount of 7.875% Senior Notes due 2014.
4.1 Form of Supplemental Indenture No. 13 between Hospitality Properties Trust and U.S. Bank National Association, including the form of 7.875% Senior Notes due 2014.
5.1 Opinion of Sullivan & Worcester LLP.
5.2 Opinion of Venable LLP.
8.1 Opinion of Sullivan & Worcester LLP re: tax matters.
23.1 Consent of Sullivan & Worcester LLP (contained in Exhibits 5.1 and 8.1).
23.2 Consent of Venable LLP (contained in Exhibit 5.2).
|
|