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home / news releases / CLDT - Chatham Lodging Trust increases revolving credit facility by $45M

CLDT - Chatham Lodging Trust increases revolving credit facility by $45M

Chatham Lodging Trust of Beneficial Interest
  • Chatham Lodging Trust ( NYSE: CLDT ) has increased commitments under its senior unsecured revolving credit facility by $45M, with a commitment from Royal Bank of Canada.
  • The hotel real estate investment trust will have a total unsecured revolving credit facility of $260M with this latest commitment, apart from a new $90M term loan . The new revolving credit facility and term loan will mature in October 2027.
  • The new debt commitments replace Chatham’s previous $250M senior unsecured credit facility scheduled to mature in 2023. Chatham plans to fully draw the $90M loan amount within six months to repay maturing debt.

For further details see:

Chatham Lodging Trust increases revolving credit facility by $45M
Stock Information
Company Name: Chatham Lodging Trust of Beneficial Interest
Stock Symbol: CLDT
Market: NYSE
Website: chathamlodgingtrust.com
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