HAMILTON, Bermuda, January 19 /PRNewswire-FirstCall/ -- Orient-Express Hotels Ltd. (NYSE: OEH, http://www.orient-express.com), today announced the closing of its previously announced public offering of 12 million Class A common shares. The company also announced that the underwriters for the offering exercised in full their over-allotment option to purchase an additional 1.8 million Class A common shares, bringing the total shares sold to 13.8 million at a price of $10.00 per share for gross proceeds of $138 million. Orient-Express Hotels Ltd. received net proceeds of approximately $131 million, after deducting underwriting discounts and estimated offering expenses.
Deutsche Bank Securities Inc. and Barclays Capital Inc. acted as joint book-running managers and underwriters for the offering.
Contact: Martin O'Grady Pippa Isbell Vice President, Vice President, Chief Financial Officer Corporate Communications Tel: +44-20-7921-4038 Tel: +44-20-7921-4065 E: firstname.lastname@example.org E: email@example.com
SOURCE Orient Express Hotels Ltd