Hospitality Properties eyes notes due 2028 via five bookrunners

By Devika Patel

Knoxville, Tenn., Oct. 17 – Hospitality Properties Trust expects to price fixed-rate senior notes due 2028, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until six months prior to maturity and then a par call.

UBS Securities LLC, BBVA Securities Inc., Citigroup Global Markets Inc., Mizuho Securities USA Inc. and RBC Capital Markets Corp. are the bookrunners.

Proceeds will be used for general business purposes, including acquiring and investing in additional properties and repaying borrowings under the company’s revolving credit facility or other debt.

The real estate investment trust is based in Newton, Mass.

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