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BRIEF-Sunstone Hotel Investors announces $240 mln private placement of senior unsecured notes
December 20, 2016 / 9:50 PM / 7 months ago

BRIEF-Sunstone Hotel Investors announces $240 mln private placement of senior unsecured notes

1 Min Read

Dec 20 (Reuters) - Sunstone Hotel Investors Inc :

* Sunstone Hotel Investors Inc says private placement consists of $120 million of notes with a nine-year term bearing interest at a fixed rate of 4.69 pct

* Sunstone Hotel - proceeds from new unsecured senior notes will be used primarily to repay in full 5.58 pct mortgage loan secured by embassy suites Chicago

* Sunstone Hotel Investors Inc - private placement also consists of $120 million of notes with an eleven-year term bearing interest at a fixed rate of 4.79 pct

* Sunstone Hotel Investors announces $240 million private placement of senior unsecured notes Source text for Eikon: Further company coverage:

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