Braemar Hotels & Resorts Announces Proposed $50 Million Convertible Senior Notes Offering
Braemar Hotels & Resorts Inc. (BHR)
Last braemar hotels & resorts inc. earnings: 2/26 05:10 pm
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Source: PR Newswire
DALLAS, May 12, 2021 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) (the "Company" or "Braemar"), announced today that it has commenced a private placement, subject to market conditions and other factors, of $50 million aggregate principal amount of Convertible Senior Notes due 2026 (the "Notes"). Braemar plans to grant the initial purchaser of the Notes a 13-day option to purchase up to an additional $7.5 million aggregate principal amounts of the Notes.The Notes will be senior unsecured obligations of Braemar, and will be convertible for cash, shares of the Company's common stock, or a combination of cash and shares of the Company's common stock, at Braemar's option. The interest rate, initial conversion rate and other terms of the notes are to be determined by negotiations between the Company and the initial purchaser of the Notes. Braemar expects to use the net proceeds of the offering for general corporate purposes, including, but not limited to, repayment of a portio
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BHR
Earnings
- 2/29/24 - Beat
BHR
Sec Filings
- 4/23/24 - Form DEFA14A
- 4/22/24 - Form 8-K
- 4/15/24 - Form DFAN14A
- BHR's page on the SEC website