Orient-Express Hotels Ltd. (NYSE: OEH), owners or part-owners and managers of 50 luxury hotels, restaurants, tourist trains and river cruise properties operating in 24 countries, announced that it plans to sell 8,500,000 shares of Class A common shares, par value $.01 per share, in an underwritten public offering pursuant to its effective automatic shelf registration statement previously filed with the Securities and Exchange Commission.
The underwriters will be granted a 30-day option to purchase up to an additional 1,275,000 shares to cover over-allotments, if any. The Company intends to use the net proceeds from this offering for general corporate purposes.
Deutsche Bank Securities Inc. and Barclays Capital Inc. are acting as joint book-running managers and underwriters for the offering.
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