RLJ Lodging Trust prices $500M senior secured notes at 4.000%, due 2029

RLJ Lodging Trust

$500M aggregate principal, 4.000% coupon, maturity Sept 15, 2029, priced at 100% of face value.
Net proceeds to redeem all outstanding 6.000% senior notes due 2025 of FelCor Lodging Limited Partnership.
Expected closing on September 13, 2021, subject to customary conditions.
Notes secured by first-priority security interest in equity interests of the operating partnership and certain subsidiaries.

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