-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CowTWKL/bL9b7EJ7Qp78Axh4+v1OdwCrPS4F8bkRmBH+UF0r1oVKLdljyZkIiglm Ok9QDPww6uDQo9K0kJT0GQ== 0000950131-98-001718.txt : 19980317 0000950131-98-001718.hdr.sgml : 19980317 ACCESSION NUMBER: 0000950131-98-001718 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980310 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980316 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: EXTENDED STAY AMERICA INC CENTRAL INDEX KEY: 0001002579 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 363996573 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13125 FILM NUMBER: 98566192 BUSINESS ADDRESS: STREET 1: 450 E LAS OLAS BLVD STREET 2: STE 1100 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 BUSINESS PHONE: 9547131600 MAIL ADDRESS: STREET 1: 450 E LAS OLAS BLVD STREET 2: STE 1100 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 8-K 1 FORM 8-K ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________ FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 10, 1998 ____________________ EXTENDED STAY AMERICA, INC. (Exact name of registrant as specified in its charter) Delaware 0-27360 36-3996573 (State or other jurisdiction of (Commission File (IRS Employer incorporation or organization) Number) Identification No.) 450 E. Las Olas Boulevard Ft. Lauderdale, Florida 33301 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (954) 713-1600 ____________________ ================================================================================ Item 5. Other Events. On March 10, 1998, Extended Stay America, Inc. (the "Company") completed a private placement of $200 million of 9.15% Senior Subordinated Notes due March 15, 2008 (the "Notes"). The Notes have not been registered under the Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States absent registration under the Act or an applicable exemption therefrom. The Company issued a news release announcing the offering of the Notes. A copy of the news release is filed herewith as Exhibit 99.1 and is incorporated herein by this reference. Item 7. Financial Statements and Exhibits. (c) Exhibits. -------- The exhibits to this report are listed in the Exhibit Index set forth elsewhere herein. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EXTENDED STAY AMERICA, INC. By: /s/ Robert A. Brannon -------------------------------------- Robert A. Brannon Senior Vice President, Chief Financial Officer, Secretary and Treasurer Dated: March 16, 1998 EXTENDED STAY AMERICA, INC. --------------------------- Exhibit Index -------------
Exhibit Number Description of Exhibit - ------ ---------------------- 99.1 News release dated March 10, 1998 by Extended Stay America, Inc.
EX-99.1 2 NEWS RELEASE DATED 3/10/98 EXHIBIT 99.1 PRESS RELEASE For Immediate Release For More Information Contact: Robert A. Brannon, Sr. V.P. and CFO (954) 713-1603 EXTENDED STAY AMERICA, INC. COMPLETES SUCCESSFUL PRIVATE PLACEMENT OF SENIOR SUBORDINATED NOTES FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 10, 1998--Extended Stay America, Inc. (NYSE: ESA), today announced that it has completed the private placement of $200 million of Senior Subordinated Notes. The notes consist of 9.15% Senior Subordinated Notes due March 2008 and were priced at par. The net proceeds from the notes will be used to repay revolving debt, construct additional extended stay facilities, and for general corporate purposes. The notes have not been registered under the Securities Act of 1933, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Extended Stay America's three extended stay lodging brands often operate concurrently in the same market. All facilities are designed to appeal to value-conscious guests on visits of a week or longer. Crossland Economy Studios, with rates generally ranging from $159 to $199 per week, offer a double bed and kitchenette. EXTENDED STAY AMERICA Efficiency Studios, with rates generally ranging from $199 to $299 a week, offer a queen-size bed and kitchenette. StudioPLUS Deluxe Studios offer deluxe and queen studios, which include kitchens, at rates generally ranging from $299 to $399 a week. Weekly housekeeping and an on-premises laundry are provided at all facilities. The Company's first EXTENDED STAY AMERICA Efficiency Studios property opened in August 1995, in Spartanburg, SC. In January 1997, the Company launched the first Crossland Economy Studios in Independence, MO, and on April 11, 1997, the Company consummated a merger with Studio Plus Hotels, Inc. As of February 28, 1998, the Company owned and operated 213 extended stay lodging facilities in 37 states, had 68 properties under construction and had options to acquire 154 additional sites. # # # # -----END PRIVACY-ENHANCED MESSAGE-----