Monday, November 30, 2015

Chatham Lodging Trust Increases Capacity with New Fully Unsecured Credit Facility, Reduces Interest Costs and Pushes Maturity to 2020

PALM BEACH, FL,  Nov. 30, 2015—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded, select-service hotels, today announced that it successfully closed on a new, expanded $250 million senior unsecured revolving credit facility.

The new unsecured revolving credit facility will mature in November 2020, which includes the option to extend the maturity by an additional year and replaces a $175 million secured credit facility that was scheduled to mature in 2016.

For a complete copy of the company’s news release, please contact:

Patrick Daly
Account Executive
 Daly Gray, Inc.
620 Herndon Parkway
Suite 115
Herndon, VA 20170
 (703) 435-6293 (office)

No comments: