Sunstone Hotel Investors files to sell up to $300M of common stock via at-the-market offering

Filed March 1, 2023 · ~1 min read

Key Changes

• high

  Sunstone may sell up to $300 million of common stock over time through sales agents and forward sellers; shares sold may be newly issued or borrowed.

  The Offering verify on EDGAR →
• high

  Net proceeds from newly issued shares go to the Operating Partnership for acquisitions, debt repayment, and general corporate purposes; proceeds from borrowed shares go to forward purchasers.

  Use of Proceeds verify on EDGAR →
• high

  Forward sale agreements could cause substantial dilution or cash payment obligations, and their tax treatment could jeopardize REIT qualification.

  Risk Factors verify on EDGAR →