Chesapeake Lodging Completes Offering of 7.475M Shares for $132.5M
Chesapeake Lodging Trust (NYSE: CHSP) (the “Trust”) announced today that it has completed its public offering of 7,475,000 common shares, including 975,000 shares sold pursuant to the underwriters' option to purchase additional shares. Through the offering, the Trust raised approximately $132.5 million of net proceeds, after deducting the underwriting discount and other estimated offering expenses payable by the Trust.
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as the joint book-running managers for the offering. Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc., RBC Capital Markets, LLC, and JMP Securities LLC acted as co-managers for the offering.
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