CLDT - Chatham Lodging Trust says it repaid 3 mortgages in full totaling $73.3M

• Chatham Lodging Trust ( NYSE: CLDT ) said Tuesday it repaid in full three mortgages with outstanding principal of $73.3 million and a weighted average interest rate of 8.0 percent with proceeds from its newly issued term loan which currently carries an interest rate of 6.1 percent.
• The company said the Tysons and San Antonio loans were paid off at maturity, and the Woodland Hills loan was paid off early.
• Chatham said it has until late April to borrow funds under the unsecured term loan and intends to fully draw the $90 million within that time frame.

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