UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 15, 2017
SOTHERLY HOTELS INC.
SOTHERLY HOTELS LP
(Exact name of Registrant as Specified in Its Charter)
Maryland (Sotherly Hotels Inc.) Delaware (Sotherly Hotels LP) | 001-32379 (Sotherly Hotels Inc.) 001-36091 (Sotherly Hotels LP) | 20-1531029 (Sotherly Hotels Inc.) 20-1965427 (Sotherly Hotels LP) |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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410 W. Francis Street Williamsburg, Virginia |
| 23185 |
(Address of Principal Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: (757) 229-5648
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Sotherly Hotels Inc. ☐Sotherly Hotels LP ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Sotherly Hotels Inc. ☐Sotherly Hotels LP ☐
On November 15, 2017, Sotherly Hotels LP (the “Operating Partnership”), whose sole general partner is Sotherly Hotels Inc. (“Sotherly” or the “Company”), redeemed the entire $25.3 million aggregate principal amount of its outstanding 7.00% Senior Unsecured Notes due 2019 (the “Notes”) in accordance with the notice of redemption delivered on October 12, 2017 to Wilmington Trust, National Association (the “Trustee”), as trustee for the Notes, the terms of which were previously disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 16, 2017. As a result, the indenture dated as of November 21, 2014 between the Operating Partnership and the Trustee was satisfied and discharged in accordance with its terms.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
Date: November 17, 2017 |
| SOTHERLY HOTELS INC. | |
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| By: | /s/ David R. Folsom |
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| David R. Folsom |
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| President and Chief Operating Officer |
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| SOTHERLY HOTELS LP | |
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| by its General Partner, |
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| SOTHERLY HOTELS INC. |
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| By: | /s/ David R. Folsom |
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| David R. Folsom |
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| President and Chief Operating Officer |
