Choice Hotels Plans $250-Million Note Sale
From Bloomberg Business Week:
Proceeds Will Pay Off Revolving Credit Debt
Choice Hotels International Inc. said Wednesday it priced an underwritten public offering of $250 million in 5.7 percent senior notes due August 2020. The company plans to use the bond proceeds to pay back debt under its unsecured revolving credit facility, without any corresponding reduction in its ability to borrow funds from the credit line in the future. Click here for the full story.
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