ASHFORD HOSPITALITY TRUST,INC. (NYSE:AHT) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
On August25, 2017, Ashford OP General Partner LLC, a Delaware limited liability company and wholly-owned subsidiary of Ashford Hospitality Trust,Inc., a Maryland corporation (the “Company”), executed Amendment No.3 to Seventh Amended and Restated Agreement of Limited Partnership (the “Partnership Agreement Amendment”) of Ashford Hospitality Limited Partnership, a Delaware limited partnership (“Ashford Trust OP”), for the purpose of creating additional preferred units of Ashford Trust OP having substantially the same designations, preferences and other rights as the economic rights of the Company’s 7.50% SeriesH Cumulative Preferred Stock, par value $0.01 per share (the “SeriesH Preferred Stock”), described in Item 3.03 to the Company’s Current Report on Form8-K filed on August22, 2017, which description is incorporated herein by reference.
The summary of the Partnership Agreement Amendment contained in this Item 1.01 does not purport to be complete and is qualified in its entirety by reference to the full text of the Partnership Agreement Amendment, which is filed as Exhibit10.1 hereto and incorporated by reference herein.
Item 8.01 Other Events.
In connection with the settlement of the Company’s offering of SeriesH Preferred Stock occurring on August25, 2017, a legal opinion is filed hereto as Exhibit5.1 hereto and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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ExhibitNumber |
Description |
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5.1 |
Opinion of Hogan Lovells US LLP regarding legality of the SeriesH Preferred Stock. |
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10.1 |
Amendment No.3 to Seventh Amended and Restated Agreement of Limited Partnership of Ashford Hospitality Limited Partnership, dated August25, 2017. |
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23.1 |
Consent of Hogan Lovells US LLP (included in its opinion filed as Exhibit5.1). |