News Releases

 

News Releases

 

 

News 2019

 

Halifax, NS – Holloway Lodging Corporation (TSX: HLC, HLC.DB) (“Holloway”) today announced financial results for the three months ended March 31, 2019. All amounts are presented in thousands of Canadian dollars, except per share amounts, unless otherwise indicated. Readers should refer to Holloway’s unaudited condensed consolidated financial statements as at March 31, 2019 and its management’s discussion and analysis which are available on Holloway’s website at www.hlcorp.ca and on SEDAR at www.sedar.com.

 

Halifax, NS - Holloway Lodging Corporation (TSX: HLC, HLC.DB) (“Holloway” or the “Company”) is pleased to announce that at a meeting of the holders of the Series B 6.25% Debentures held on April 26, 2019, Holloway obtained approval to amend the Series B Debentures as follows: (1) extend the maturity date of the Series B Debentures by three years to February 28, 2023; (2) amend the conversion price to $12.50, being a conversion rate of 80 common shares per $1,000 principal amount of the Debentures; and (3) amend the redemption provision to, among other things, prohibit the Company from redeeming the Debentures until June 1, 2020, except for the 60 days following the date of the debenture amendments, to allow the Company to redeem up to 10% of the aggregate principal amount and except in connection with a change of control under certain circumstances.

 

HALIFAX, NOVA SCOTIA – Holloway Lodging Corporation (TSX: HLC, HLC.DB) ("Holloway" or the "Company") today announced that it will seek the approval of holders of its Series B 6.25% convertible unsecured subordinated debentures due February 28, 2020 (the "Series B Debentures") to amend certain terms of such debentures at a serial meeting of the holders of Series B Debentures (the "Series B Debentureholders") to be held on April 26, 2019 (the "Meeting").

 

Halifax, NS - Holloway Lodging Corporation (TSX: HLC, HLC.DB) (“Holloway”) is pleased to announce that it has sold the Super 8® hotel located in Windsor, NS.

 

Halifax, NS - Holloway Lodging Corporation (TSX: HLC, HLC.DB) (“Holloway”) is pleased to announce that it has sold its single tenant property located in Timmins, ON. The property’s long-term tenant is East Side Mario’s®. Holloway recently subdivided the land on which its Travelodge® hotel and the East Side Mario’s are located in order to permit the sale of the restaurant building.

 

Halifax, NS - Holloway Lodging Corporation (TSX: HLC, HLC.DB) (“Holloway”) is pleased to announce that it has sold the Days Inn® and Travelodge® hotels located in Moncton, NB.

 

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