Xenia Hotels & Resorts (XHR) announced on August 5 that it entered into a new at-the-market (ATM) equity offering program, which allows the company to sell up to $200 million of its common stock gradually through a group of sales agents and forward sellers. The company simultaneously terminated its prior ATM program from 2018, which still had $200 million worth of shares unsold at the time. The new program is an optional, market-based way to raise capital, and there is no obligation to sell any particular amount now.
View Full Filing (SEC EDGAR)