Hospitality Properties Trust announced the early redemption of its outstanding 7.875% Senior Notes due 2014 at a redemption price equal to the principal amount of $300,000,000, plus accrued and unpaid interest to, but excluding, the date of redemption. The redemption is expected to occur on or about February 15, 2014. These senior notes currently represent HPT's high priced debt outstanding, and HPT currently expects to fund this redemption by using cash on hand and borrowings under its recently refinanced revolving credit facility.
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