debt
confidence high
sentiment neutral
materiality 0.60
RLJ Lodging Trust operating partnership to offer $500M senior secured notes due 2029 to redeem 6.000% notes due 2025
RLJ Lodging Trust
- $500M aggregate principal of senior secured notes due 2029 offered by RLJ Lodging Trust, L.P.
- Net proceeds to redeem all outstanding 6.000% senior notes due 2025 of FelCor Lodging Limited Partnership.
- Notes guaranteed by RLJ Lodging Trust and certain subsidiaries that guarantee its senior credit facilities.
- Offering is a private placement to QIBs and non-U.S. persons; notes not registered under Securities Act.