Bloomberg News

Hospitality May Undergo Rights Offer as Absa Debt Facility Ends

January 23, 2012

Jan. 23 (Bloomberg) -- Hospitality Property Fund Ltd. said it may need to sell shares to existing investors to reduce its debt levels and is still in talks with Absa Group Ltd. and other funders about a 1.35 billion rand facility that expires next month.

Link to Statement:{NSN LY8JH13HBS3K <GO>}

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net


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