Home Inns & Hotels Management Inc. Announces the Closing of US$184 Million Offering
Home Inns & Hotels Management Inc. (Nasdaq: HMIN) today announced the closing of its offering of US$184 million in aggregate principal amount of 2.00% convertible senior notes due 2015. The offering included the exercise by the initial purchasers of their option to purchase up to an additional US$24 million of the convertible senior notes to cover over-allotments.
The notes were offered to (1) qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933, as amended, and (2) investors outside the United States in compliance with Regulation S under the Securities Act.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.