HAMILTON, Bermuda, November 15, 2010 /PRNewswire-FirstCall/ --
Orient-Express Hotels Ltd. (NYSE: OEH, http://www.orient-express.com), today
announced the closing of its previously announced public offering of
10,000,000 Class A common shares. The company also announced that the
underwriters for the offering exercised in full their over-allotment option
to purchase an additional 1,500,000 Class A common shares, bringing the total
shares sold to 11,500,000 at a price of $10.75 per share for gross proceeds
of $123.6 million. Orient-Express Hotels Ltd. received net proceeds of
approximately $117.2 million, after deducting underwriting discounts and
estimated offering expenses.
Deutsche Bank Securities Inc. and Barclays Capital Inc. acted as joint
book-running managers and underwriters for the offering.
Vice President, Chief Financial Officer
SOURCE Orient Express Hotels Ltd