Sunstone Hotel Investors establishes $300M ATM equity offering program and amends credit agreement for forward sales

Sunstone Hotel Investors, Inc.

Entered equity distribution agreement to sell up to $300M of common stock via at-the-market offerings.
Prior ATM program from February 2017 terminated; new program dated March 1, 2023.
Amended credit agreement to carve out forward sale transactions from derivatives restrictions.
Proceeds from forward settlements will be contributed to operating partnership; commissions up to 2%.
Forward sellers may borrow and sell shares; company may settle physically, in cash, or net shares.

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