Lodging REIT Sotherly Hotels to Issue Baby Bonds

Lodging REIT Sotherly Hotels (NYSE:SOHO) will be issuing some baby bonds in $25/shares.

These bonds will be maturing in 2021–so a nice short maturity.  It is quite unusual for a REIT to be issuing baby bonds with a maturity this short.

We will want to do some research on the company prior to the pricing of this issue as we likely will have some interest in a bond with a maturity this short assuming they have a reasonable coupon.

The preliminary prospectus is here.

The pricing and final terms have not been announced and we will publish when this occurs.