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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.
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