Hospitality Properties Trust to repay revolver debt via note proceeds

By Tali Rackner

Minneapolis, Jan. 30 – Hospitality Properties Trust plans to repay amounts outstanding under its revolving credit facility using the proceeds from a new senior note offering, according to a 424B5 filing with the Securities and Exchange Commission.

As of Monday, there was $422 million outstanding under the revolver, which matures on July 15, 2018.

Proceeds will also be used for general business purposes.

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

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