By Devika Patel
Knoxville, Tenn., Nov. 14 - Orient-Express Hotels Ltd. arranged a registered direct offering of shares to raise $55.19 million, according to a prospectus supplement filed Friday with the Securities and Exchange Commission.
The company will sell 8.49 million common shares at $6.50 per share via lead agent Lazard Capital Markets LLC and co-placement agent Merrill Lynch, Pierce, Fenner & Smith Inc.
Settlement is expected on Nov. 19.
Proceeds will be used for general corporate purposes.
Orient-Express is a Hamilton, Bermuda-based luxury hotel and restaurant operator.
| Issuer: | Orient-Express Hotels Ltd.
|
| Issue: | Common stock
|
| Amount: | $55,185,000
|
| Shares: | 8.49 million
|
| Price: | $6.50
|
| Warrants: | No
|
| Agent: | Lazard Capital Markets LLC (lead), Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 19
|
| Stock symbol: | NYSE: OEH
|
| Stock price: | $8.33 at close Nov. 13
|
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