2023-05-16 10:10:01 ET
- RLJ Lodging Trust ( NYSE: RLJ ) said on Tuesday that the hotel REIT has recast its $600M senior unsecured revolving credit facility and entered into a new $225M senior unsecured term loan.
- The maturity of the $600M senior unsecured revolving credit facility has been extended to May 2027, with an option to extend up to one additional year.
- The $225M term loan matures in May 2026, with two one-year extension options to May 2028.
- The proceeds from the term loan were used to repay two term loans maturing in January 2024.
- Source: Press Release
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RLJ Lodging Trust recasts $600M revolving credit facility, enters into $225M term loan