Braemar hotels & resorts announces exercise in full of initial purchaser's option to purchase additional notes and subsequent closing of convertible senior notes offering

Dallas, may 18, 2021 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) (the "company" or "braemar") today announced that it has closed its previously announced private placement of $86.25 million aggregate principal amount of its 4.5% convertible senior notes due 2026 (the "notes"), including $11.25 million aggregate principal amount of notes sold pursuant to the exercise in full of the initial purchaser's option to purchase additional notes. the notes pay interest semi-annually at a rate of 4.5% per annum.
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