Colony Capital (CLNY) prices $260 million convertible senior notes offering.

Colony Capital, Inc. (CLNY) announced today that it has priced a $260 million offering of its 5.75% convertible senior notes due 2025.  The notes, which are being offered under Rule 144A, are exchangeable at any time into shares of CLNY common stock based on a conversion price of $2.30/share.  CLNY intends to use proceeds from the offering to repurchase a portion of the company's 3.875% convertible senior notes due 2021 prior to maturity, or redeem the 2021 notes at maturity.