0001193125-12-280212.txt : 20120622 0001193125-12-280212.hdr.sgml : 20120622 20120622140038 ACCESSION NUMBER: 0001193125-12-280212 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120622 DATE AS OF CHANGE: 20120622 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC /DE CENTRAL INDEX KEY: 0001046311 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 521209792 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-168914 FILM NUMBER: 12921930 BUSINESS ADDRESS: STREET 1: 10750 COLUMBIA PIKE CITY: SILVER SPRING STATE: MD ZIP: 20901 BUSINESS PHONE: 3015925181 MAIL ADDRESS: STREET 1: 10750 COLUMBIA PIKE CITY: SILVER SPRING STATE: MD ZIP: 20901 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS FRANCHISING INC DATE OF NAME CHANGE: 19971118 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC/ DATE OF NAME CHANGE: 19971022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC /DE CENTRAL INDEX KEY: 0001046311 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 521209792 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 10750 COLUMBIA PIKE CITY: SILVER SPRING STATE: MD ZIP: 20901 BUSINESS PHONE: 3015925181 MAIL ADDRESS: STREET 1: 10750 COLUMBIA PIKE CITY: SILVER SPRING STATE: MD ZIP: 20901 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS FRANCHISING INC DATE OF NAME CHANGE: 19971118 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC/ DATE OF NAME CHANGE: 19971022 FWP 1 d366548dfwp.htm FWP FWP

Free Writing Prospectus

Filed Pursuant to Rule 433

Relating to the Preliminary Prospectus Supplement

dated June 19, 2011 to the Prospectus dated August 18, 2010

File Nos. 333-168914 and 333-168914-01 through 333-168914-08

$400,000,000

5.750% Senior Notes due 2022

Choice Hotels International, Inc.

June 22, 2012

Pricing Term Sheet

 

Issuer:    Choice Hotels International, Inc.
Title of Securities:    5.750% Senior Notes due 2022
Size:    $400,000,000
Net Proceeds to Issuer:    $393,500,000
Maturity:    July 1, 2022
Coupon:    5.750%
Offering Price:    100.000% of principal amount
Underwriting Discount:    1.625%
Yield to Maturity:    5.750%
Spread to Benchmark Treasury:    409 basis points
Benchmark Treasury:    1.750% notes due May 15, 2022
Benchmark Treasury Price and Yield:    100.250, 1.664%
Interest Payment Dates:    January 1 and July 1 of each year, commencing January 1, 2013
Optional Redemption:    Make-whole call at T+50 bps at any time
Trade Date:    June 22, 2012
Settlement Date:    June 27, 2012 (T+3)
CUSIP/ISIN:    169905 AE6/US 169905AE60
Joint Book-Running Managers:    Deutsche Bank Securities Inc.
   Wells Fargo Securities, LLC
   Merrill Lynch, Pierce, Fenner & Smith Incorporated
   Goldman, Sachs & Co.
   J.P. Morgan Securities LLC
Co-Manager:    SunTrust Robinson Humphrey, Inc.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, email: prospectus.CPDG@db.com, telephone: (800) 503-4611; Wells Fargo Securities, LLC, Attn: Client Support, 550 South Tryon Street, 7th Floor MAC D1086-070, Charlotte, NC 28202, telephone: (800) 326-5897, email: cmclientsupport@wellsfargo.com; BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, NY 10038, Attn: Prospectus Department, telephone: (800) 294-1322, email: dg.prospectus_requests@baml.com; Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; or J.P. Morgan Securities LLC, 383 Madison Avenue, 3rd Floor, New York, New York 10179, Attn: Syndicate Desk, telephone: (800) 245-8812.