Strategic Hotel Capital (NYSE:SLH)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Strategic Hotel Capital Charts. Click Here for more Strategic Hotel Capital Charts.](/p.php?pid=staticchart&s=NY%5ESLH&p=8&t=15)
Strategic Hotel Capital, Inc. Announces Initial Public Offering
CHICAGO, June 24 /PRNewswire-FirstCall/ -- Strategic Hotel Capital, Inc.
(NYSE:SLH) today announced that it has priced its initial public offering of
17.6 million shares of common stock at $14.00. Strategic Hotel Capital also
granted the underwriters an option to purchase up to an additional 2.64 million
shares of common stock.
The shares began trading on June 24, 2004 on the New York Stock Exchange under
the symbol "SLH." The offering is expected to close on June 29, 2004.
The sole book-running manager for the offering is Goldman, Sachs, & Co.
Deutsche Bank Securities Inc. is acting as a co-lead manager and Bank of
America Securities LLC, Credit Suisse First Boston LLC, Wachovia Capital
Markets, LLC and Raymond James & Associates, Inc. are acting as co-managers for
the offering.
A registration statement relating to these securities has been declared
effective by the Securities and Exchange Commission. Copies of the prospectus
relating to this offering may be obtained from the prospectus department of
Goldman, Sachs, & Co., Prospectus Department, 85 Broad Street, C Level, New
York, NY 10004, (Tel.: 212-902-1171). This release shall not constitute an
offer of securities for sale or a solicitation of an offer to buy securities.
Forward-Looking Statements
The closing of the offering is subject to standard conditions precedent
contained in the underwriting agreement including delivery of legal opinions,
absence of a material adverse change in the consolidated financial position or
results of operations of the Company, suspension or material limitation in
trading in securities generally on the NYSE or the occurrence of any other
calamity or crisis or any change in financial, political or economic conditions
in the United States or elsewhere that would make it impracticable or
inadvisable to proceed with the public offering.
DATASOURCE: Strategic Hotel Capital, Inc.
CONTACT: Jim Lyman, Chief Financial Officer, of Strategic Hotel Capital,
+1-312-658-5740; General Info., Georganne Palffy, +1-312-640-6768, or Media
Inquiries, Tim Grace, +1-312-640-6777, both of the Financial Relations Board