Palm Beach, FL —Chatham Lodging Trust (the “Company”) (NYSE:
CLDT) announced it has priced its public offering of 6,000,000 common shares of
beneficial interest, $0.01 par value per share, at a price to the public of
$21.85, for total gross proceeds of $131,100,000, prior to underwriting
discounts and offering expenses.
The offering is expected to close on September 24, 2014,
subject to customary closing conditions.
The Company has granted the underwriters a 30-day option to purchase up
to an additional 900,000 common shares.
Barclays, BofA
Merrill Lynch and UBS Investment Bank are acting as joint book-running managers
for the offering, and Baird, Credit Agricole CIB, Piper Jaffray and Stifel are
acting as senior co-managers.
FBR, JMP
Securities and SunTrust Robinson Humphrey are acting as co-managers for the
offering.
For a
complete copy of the company’s news release, please contact:
Patrick Daly
Account Supervisor
Daly Gray, Inc.
Office: (703)
435-6293
Cell: (703) 300-8289
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