WASHINGTON DC MeriStar Hospitality Corp., a hotel REIT, has completed the sale of $500 million of senior, unsecured notes in two tranches. The first tranche, a $300 million facility, has a 9% coupon rate with a maturity of January 15, 2008. The second tranche of $200 million has a 9.125% coupon rate with a maturity of January 15, 2011. The offer was underwritten by Lehman Brothers and SG Cowen and brings MeriStars average cost of debt to 8%. (1/25/01)
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