Brief: Sotherly Hotels Inc. Announces Senior Note Financing
31/12/2020 21:39
Sotherly Hotels Inc SOHO.O :
* SOTHERLY HOTELS INC. ANNOUNCES SENIOR NOTE FINANCING
* SOTHERLY HOTELS - ENTERED INTO NOTE PURCHASE AGREEMENT FOR
ISSUANCE OF $20.0 MILLION CERTAIN NOTES
* SOTHERLY HOTELS -ENTERED INTO NOTE PURCHASE AGREEMENT OF
$20.0
MILLION, WITH ADDITIONAL $10.0 MILLION AVAILABLE TO DRAW WITHIN
NEXT 12 MONTHS, AT CO'S OPTION
* SOTHERLY HOTELS INC - CO INTENDS TO USE NET PROCEEDS FROM
NOTE
TO ENHANCE ITS LIQUIDITY POSITION
Source text for Eikon: ID:nGNX3dRP1T
Further company coverage: SOHO.O
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