Luxury Hospitality Daily News
Are you looking to recruit top talent?Are you looking to recruit top talent?
Are you looking to recruit top talent?Are you looking to recruit top talent?

< Previous news Next news >

Orient-Express Hotels Announces Closing of $138 Million Common Share Offering

Category: Worldwide - Industry economy - Figures / Studies
This is a press release selected by our editorial committee and published online for free on Wednesday 20 January 2010


Orient-Express Hotels Ltd. (NYSE: OEH, http://www.orient-express.com), today announced the closing of its previously announced public offering of 12 million Class A common shares. The company also announced that the underwriters for the offering exercised in full their over-allotment option to purchase an additional 1.8 million Class A common shares, bringing the total shares sold to 13.8 million at a price of $10.00 per share for gross proceeds of $138 million. Orient-Express Hotels Ltd. received net proceeds of
approximately $131 million, after deducting underwriting discounts and estimated offering expenses.

Deutsche Bank Securities Inc. and Barclays Capital Inc. acted as joint book-running managers and underwriters for the offering.



You will also like to read...







< Previous news Next news >


Our weekend edition is out!
Click here to read it

Join us on Facebook Follow us on LinkedIn Follow us on Instragram Follow us on Youtube Rss news feed



Questions

Hello and welcome to Journal des Palaces

You are a communication or the PR manager?
Click here

You are an applicant?
Check out our questions and answers here!

You are a recruiter?
Check out our questions and answers here!