SECURITIES AND EXCHANGE COMMISSION
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported) – September 10, 2019
EXTENDED STAY AMERICA, INC.
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation or organization) | | | | |
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11525 N. Community House Road, Suite 100 Charlotte, North Carolina | | |
(Address of principal executive offices) | | |
Registrant’s telephone number, including area code (980)
345-1600
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation or organization) | | | | |
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11525 N. Community House Road, Suite 100 Charlotte, North Carolina | | |
(Address of principal executive offices) | | |
Registrant’s telephone number, including area code (980)
345-1600
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 CFR240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Common Stock, par value $0.01 per share, of Extended Stay America, Inc. and Class B Common Stock, par value $0.01 per share, of ESH Hospitality, Inc., which are attached and trade together as a Paired Share. | | | | Nasdaq Global Select Market |
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).
Emerging growth company
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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.
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On September 10, 2019, Extended Stay America, Inc. and its subsidiary, ESH Hospitality, Inc. (“ESH REIT”), issued a press release announcing that ESH REIT has priced its offering of $750.0 million aggregate principal amount of 4.625% Senior Notes due 2027 (the “Notes”) at a price equal to 100% of face value. This is an increase in the offering size of $250.0 million aggregate principal amount of Notes from the previously announced offering size. ESH REIT intends to use the gross proceeds from the Notes offering to repay $500.0 million of its outstanding borrowings under its existing term loan and to pay fees and expenses of approximately $22.0 million related to the notes offering and the concurrent credit agreement amendment ESH REIT is seeking under its existing credit facilities. The remaining proceeds will be used for general corporate purposes. A copy of such press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
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| | | | | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
Pursuant to the requirements of the Securities Exchange Act of 1934, each of the Registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | | EXTENDED STAY AMERICA, INC. |
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