Four Seasons announces offering of US$200 million of convertible senior notes
June 14 2004 - 8:53AM
PR Newswire (US)
Four Seasons announces offering of US$200 million of convertible
senior notes TORONTO, June 14 /PRNewswire-FirstCall/ -- Four
Seasons Hotels Inc. (TSX Symbol "FSH"; NYSE Symbol "FS") today
announced an offering, subject to market and other conditions, of
US$200 million aggregate principal amount of notes that may, in
specific circumstances, be convertible into Four Seasons' Limited
Voting Shares. Four Seasons intends to grant the underwriters a
30-day option to purchase up to an additional 15 percent of the
aggregate principal amount of notes to cover over-allotments. The
public offering will be made in the United States by a group of
underwriters led by Morgan Stanley & Co. Incorporated. The
notes will be issued under Four Seasons' existing shelf prospectus
and registration statement. Offers, and sales of the notes will be
made only by the related prospectus and prospectus supplement. A
copy of the prospectus and the preliminary prospectus supplement
can be obtained from the Prospectus Department of Morgan Stanley
& Co. Incorporated, 1585 Broadway, New York, New York, 10036.
This press release shall not constitute an offer to sell or
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in the United States in which that
offer, solicitation or sale would be unlawful before the
registration or qualification under the securities laws of that
state or in any province or territory of Canada. With a history
spanning four decades and a portfolio that extends worldwide, Four
Seasons Hotels and Resorts is the world's leading operator of
luxury hotels, currently managing 61 properties in 28 countries.
DATASOURCE: Four Seasons Hotels and Resorts CONTACT: Douglas L.
Ludwig, Chief Financial Officer and Executive Vice President, (416)
441-4320; Barbara Henderson, Vice President Taxation and Investor
Relations, (416) 441-4329
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