RLJ Lodging Trust Completes Early Redemption of Senior Secured Notes
March 12 2018 - 4:23PM
Business Wire
RLJ Lodging Trust (NYSE: RLJ), announced that it has completed
the early redemption of all of the outstanding 5.625% Senior
Secured Notes due 2023 issued by FelCor Lodging Limited Partnership
in the aggregate principal amount of $524.0 million on March 9,
2018.
The Company funded this redemption by using cash on hand and
borrowings under its previously undrawn $600.0 million revolving
credit facility.
About Us
RLJ Lodging Trust is a self-advised, publicly traded real estate
investment trust focused on acquiring premium-branded,
focused-service and compact full-service hotels. The Company’s
portfolio consists of 156 hotels with approximately 30,570 rooms
located in 26 states and the District of Columbia and an ownership
interest in one unconsolidated hotel with 171 rooms.
For additional information or to receive press
releases via email, please visit our
website:http://rljlodgingtrust.com
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RLJ Lodging TrustLeslie D. Hale, Chief Operating Officer and
Chief Financial Officer301-280-7774
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