Four Seasons Hotel (NYSE:FS)
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Four Seasons announces offering of US$200 million of convertible
senior notes
TORONTO, June 14 /PRNewswire-FirstCall/ -- Four Seasons Hotels Inc. (TSX
Symbol "FSH"; NYSE Symbol "FS") today announced an offering, subject to market
and other conditions, of US$200 million aggregate principal amount of notes
that may, in specific circumstances, be convertible into Four Seasons' Limited
Voting Shares. Four Seasons intends to grant the underwriters a 30-day option
to purchase up to an additional 15 percent of the aggregate principal amount of
notes to cover over-allotments.
The public offering will be made in the United States by a group of
underwriters led by Morgan Stanley & Co. Incorporated.
The notes will be issued under Four Seasons' existing shelf prospectus and
registration statement. Offers, and sales of the notes will be made only by the
related prospectus and prospectus supplement. A copy of the prospectus and the
preliminary prospectus supplement can be obtained from the Prospectus
Department of Morgan Stanley & Co. Incorporated, 1585 Broadway, New York, New
York, 10036.
This press release shall not constitute an offer to sell or solicitation of an
offer to buy, nor shall there be any sale of these securities in any state in
the United States in which that offer, solicitation or sale would be unlawful
before the registration or qualification under the securities laws of that
state or in any province or territory of Canada.
With a history spanning four decades and a portfolio that extends worldwide,
Four Seasons Hotels and Resorts is the world's leading operator of luxury
hotels, currently managing 61 properties in 28 countries.
DATASOURCE: Four Seasons Hotels and Resorts
CONTACT: Douglas L. Ludwig, Chief Financial Officer and Executive Vice
President, (416) 441-4320; Barbara Henderson, Vice President Taxation and
Investor Relations, (416) 441-4329