trending Market Intelligence /marketintelligence/en/news-insights/trending/uq1kmnnlm2asnahuehawaw2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Sunstone Hotel announces private placement of $240M of senior unsecured notes

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Sunstone Hotel announces private placement of $240M of senior unsecured notes

Sunstone Hotel Investors Inc. has entered into a private placement agreement for $240 million of senior unsecured notes.

The placement consists of $120 million of 4.69% senior notes with a nine-year term and $120 million of 4.79% senior notes with an 11-year term.

Proceeds from the new notes will be primarily used to repay in full the 5.58% mortgages secured by the Embassy Suites Chicago and the Marriott Boston Long Wharf, which have a combined balance of $243 million.

Closing and funding of the private placement is expected Jan. 10, 2017.