Offering will finance working capital and collateral for borrowings
By Devika Patel
Knoxville, Tenn., May 29 - Equisource Hotel Fund I, LLP priced its initial public offering of units to raise $25 million in a prospectus filed Friday with the Securities and Exchange Commission.
The company will sell 25,000 limited partnership interests at $1,000.00 per unit. Investors must purchase at least five units.
Settlement is expected on May 24, 2015.
Proceeds will be used for working capital, collateral for borrowings or for any other purpose.
The Las Vegas company owns and operates hotels.
| Issuer: | Equisource Hotel Fund I, LLP
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $25 million
|
| Shares: | 25,000
|
| Price: | $1,000.00
|
| Warrants: | No
|
| Pricing date: | May 24
|
| Settlement date: | May 24, 2015
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
