Corporate ActionAug 5, 2026, 04:55 PM
Xenia Hotels & Resorts Launches New $200M ATM Program
AI Summary
Xenia Hotels & Resorts, Inc. has entered into a new equity distribution agreement to offer and sell up to $200 million of its common stock. This new at-the-market (ATM) program allows the company to sell shares through various managers, including Jefferies LLC and Goldman Sachs & Co. LLC, acting as sales agents, principals, or forward sellers. Concurrently, the company terminated its previous ATM program, under which $200 million of common stock remained unsold.
Key Highlights
- Entered new equity distribution agreement for up to $200 million in common stock.
- Allows sales through sales agents, forward sellers, or directly to managers as principals.
- Terminated prior at-the-market offering program dated March 2, 2018.
- Prior program had $200 million of common stock remaining unsold at termination.
- Sales agents include Jefferies LLC, BofA Securities, Inc., and Goldman Sachs & Co. LLC.
- Managers will receive a commission not exceeding 2.0% of gross sales price.
Price Impact
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