Xenia Hotels launches USD 200 million at-the-market equity offering program
XHR•Use of proceeds
Net proceeds are expected to be contributed to the operating partnership for general corporate purposes, including debt repayment, working capital, capex, or acquisitions.
Program terms and sales methods
Sales may be executed through agents, as principal trades, or via forward sale arrangements tied to hedging activity.
Agent commissions are capped at 2% of gross sales; forward-sale commissions are also capped at 2% via an initial forward price reduction.
Xenia Hotels launches new ATM program
Xenia Hotels launched a new at-the-market equity distribution program for up to USD 200 million of common stock.
The company terminated its prior ATM program; USD 200 million of capacity remained unused at termination.
