secwatch.observer — SEC 8-K summary
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Issuer:     Apple Hospitality REIT, Inc. (APLE)
CIK:        0001418121
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001193125-24-044602
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apple Hospitality REIT establishes new $500M ATM equity program, terminates prior facility
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- Entered equity distribution agreement on Feb 23, 2024 to sell up to $500M of common shares at-the-market.
- Max commission to agents is 2.0% of gross proceeds; proceeds for general corporate purposes including debt repayment and acquisitions.
- Prior ATM program terminated; $5.3M in shares remained unsold under that facility.
- Company may use net proceeds to repay $650M revolving credit facility, fund acquisitions, capex, or working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418121/000119312524044602/0001193125-24-044602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418121/000119312524044602/d764764d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-044602

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