Huazhu Group Limited Announces Completion of the Put Right Offer for Its 0.375% Convertible Senior Notes due 2022
Huazhu Group Limited (Nasdaq: HTHT) has completed its put right offer for its 0.375% Convertible Senior Notes due 2022.
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Rhea-AI Summary
Huazhu Group Limited (Nasdaq: HTHT) has completed its put right offer for its 0.375% Convertible Senior Notes due 2022. The offer expired on October 29, 2020, with a total of US$6,000 in principal amount validly surrendered. The company accepted all surrendered Notes for repurchase and has processed payments through its paying agent. As of June 30, 2020, Huazhu operates 6,187 hotels worldwide, significantly expanding its portfolio following the acquisition of Deutsche Hospitality.
Positive
- Successful completion of the put right offer for Convertible Senior Notes, indicating strong liquidity management.
- Operational scale with 6,187 hotels and 599,235 rooms as of June 30, 2020, showcasing growth in capacity.
Negative
- None.
Details
News Market Reaction – HTHT
The recorded move for HTHT in the trading session of this news was -0.78%.
Data tracked by StockTitan Argus. Session date unavailable.
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SHANGHAI, China, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Huazhu Group Limited (Nasdaq: HTHT and HKEx: 1179) a leading and fast-growing multi-brand hotel group in China with international coverage (the “Company”), today announced that it has completed its previously announced put right offer relating to its
Materials filed with the Securities and Exchange Commission (the “SEC”) will be available electronically without charge at the SEC’s website, http://www.sec.gov. Documents filed with the SEC may also be obtained without charge at the Company’s website, https://ir.huazhu.com/.
About Huazhu Group Limited
Originated in China, Huazhu Group Limited is a world-leading hotel group. As of June 30, 2020, Huazhu operated 6,187 hotels with 599,235 rooms in operation in 16 countries. Huazhu’s brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, Blossom House, and Ni Hao Hotel. Upon the completion of Deutsche Hospitality acquisition on January 2, 2020, Huazhu added five brands to its portfolio, including Steigenberger Hotels & Resorts, Maxx by Steigenberger, Jaz in the City, IntercityHotel and Zleep Hotel. In addition, Huazhu also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.
For further information, please contact:
Contact Information
Huazhu Investor Relations
Tel: +86 (21) 6195 9561
Email: ir@huazhu.com
http://ir.huazhu.com
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