SILVER SPRING, Md., June 19, 2012 /PRNewswire/ — Choice Hotels International, Inc. (NYSE: CHH) (the “Company”) announced its intention to offer $400 million aggregate principal amount of senior notes due 2022. The notes will be unsecured, unsubordinated obligations of the Company and will be guaranteed by certain U.S. subsidiaries of the Company.
The Company intends to use the net proceeds from the notes offering, together with a portion of the proceeds of an anticipated senior secured credit facility that the Company expects to enter into within approximately 30 days after the completion of the notes offering, to pay during 2012 a special cash dividend of approximately $60…