Orient-Express closes US$138 million stock offering

Orient-Express Hotels Ltd. 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.


Posted by admin on Jan 20th, 2010 and filed under Travelsites. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

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