Sotherly Hotels Inc

NASDAQ:SOHO   11:25:08 AM EDT
2.42
-0.01 (-0.41%)
Debt Financing / Related

Sotherly Hotels Inc. Announces Senior Note Financing

Published: 12/31/2020 21:41 GMT
Sotherly Hotels Inc (SOHO) - Sotherly Hotels Inc. Announces Senior Note Financing.
Sotherly Hotels - Entered Into Note Purchase Agreement for Issuance of $20.0 Million Certain Notes.
Sotherly Hotels -entered Into Note Purchase Agreement of $20.0 Million, With Additional $10.0 Million Available to Draw Within Next 12 Months, at Co's Option.
Sotherly Hotels Inc - Co Intends to Use Net Proceeds From Note to Enhance Its Liquidity Position.