Choice Hotels Announces Pricing Of Senior Notes Offering
NORTH BETHESDA, Md., June 25, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH) (the "Company") today announced the pricing of senior notes in an aggregate principal amount of $600.0 million, in an underwritten, registered public offering.
The notes will mature on August 1, 2034, will bear interest at a rate of 5.850%, and will be issued at 98.929% of par value. The notes will be unsecured, unsubordinated obligations of the Company.
The Company intends to use the net proceeds from the offering to repay its $500.0 million unsecured term loan. The Company may use
