RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the commencement of an underwritten public offering of 7,500,000 common shares of beneficial interest. The Company intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 1,125,000 common shares.
“Management's Discussion and Analysis of Financial Condition and Results of Operations”
The Company intends to use the net proceeds from the offering to fund potential acquisitions and for general corporate purposes, and may use net proceeds to repay amounts outstanding from time to time under its unsecured revolving credit facility.
The offering is being made pursuant to a shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission and became effective on August 22, 2012. A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
Barclays, BofA Merrill Lynch, Wells Fargo Securities and RBC Capital Markets will serve as joint book-running managers for the offering. The offering of these securities will be made only by means of a prospectus supplement and related base prospectus. Copies of the preliminary prospectus supplement, final prospectus supplement (when available) and the related base prospectus may be obtained by contacting: (a) Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling 1-888-603-5847 or emailing firstname.lastname@example.org; BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, New York 10038, Email: email@example.com; Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, by email at firstname.lastname@example.org, or by calling 1-800-326-5897; or RBC Capital Markets, Attention: Equity Syndicate, 3 World Financial Center, 200 Vesey Street, 8(th) Floor, New York, New York 10281-8098, or by calling at 1-877-822-4089; or (b) the Internet site of the Securities and Exchange Commission at http://www.sec.gov.
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that acquires primarily premium-branded, focused-service and compact full-service hotels. The Company’s portfolio consists of 146 properties, comprised of 144 hotels with approximately 22,400 rooms and two planned hotel conversions, located in 21 states and the District of Columbia.