Braemar hotels & resorts announces proposed $50 million convertible senior notes offering

Dallas, may 12, 2021 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) (the "company" or "braemar"), announced today that it has commenced a private placement, subject to market conditions and other factors, of $50 million aggregate principal amount of convertible senior notes due 2026 (the "notes").  braemar plans to grant the initial purchaser of the notes a 13-day option to purchase up to an additional $7.5 million aggregate principal amounts of the notes.
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