Host Hotels & Resorts Enters Equity Distribution Agreement for Up to $600 Million
Bitget2026/11/12 22:34- Host Hotels & Resorts entered a distribution agreement on November 12, 2026, to sell up to $600 million of common stock.
- The agreement replaces its prior distribution agreement, which had $600 million of shares remaining unsold.
- Net proceeds are intended for potential acquisitions and general corporate purposes.
- Sales agents will receive commissions of up to 2% of gross proceeds from shares sold through them.
- The program also permits forward sale agreements, with proceeds expected upon physical settlement rather than initial sales of borrowed shares.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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