Choice Hotels closes $600M offering of 5.850% senior notes due 2034

CHOICE HOTELS INTERNATIONAL INC /DE

Issued $600M aggregate principal amount of 5.850% senior notes maturing Aug 1, 2034.
Interest payable semi-annually on Feb 1 and Aug 1, starting Feb 1, 2025.
Notes are senior unsecured obligations ranking equally with existing unsecured debt.
Redeemable at any time before maturity with a make-whole premium; after May 1, 2034 at par.
Holders may require repurchase at 101% upon change of control event.

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