Press Release: La Quinta Corporation
July 5, 2002
DALLAS, TX -- La Quinta® Corporation (NYSE: LQI) announced July 3 that it has filed a shelf registration statement
with the Securities and Exchange Commission. The shelf registration statement, once declared effective by the SEC,
will replace the company's former shelf registration statement, which had $1.825 billion of availability under
it.
The shelf registration statement, once declared effective by the SEC, will facilitate, from time to time, the offer
and sale of up to $750 million of securities, which may include both equity and debt securities of La Quinta Corporation
and its controlled subsidiary La Quinta Properties, Inc. The actual amount of any securities to be issued, and
the terms of those securities, will be determined at the time of the sale, if such sale occurs. The anticipated
use of net proceeds from the sale of such securities is for general business purposes, which may include refinancing
outstanding indebtedness and capital expenditures, including acquisitions.
The shelf registration statement relating to these securities has been filed with the SEC but has not yet become
effective. The securities described in the shelf registration statement may not be sold, nor may offers to buy
be accepted, prior to the time the shelf registration statement becomes effective. This release shall not constitute
an offer to sell or the solicitation of any offer to buy nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of such state.
About La Quinta Corporation
Dallas-based La Quinta Corporation, a mid-scale limited service lodging company, owns, operates or franchises over
330 La Quinta Inns and La Quinta Inn & Suites in 33 states. This news release is available on the Internet
at www.LQ.com .
SOURCE: La Quinta Corporation