secwatch.observer — SEC 8-K summary
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Issuer:     RLJ Lodging Trust (RLJ)
CIK:        0001511337
Form:       8-K
Filed at:   2021-09-16T23:59:59+00:00
Accession:  0001104659-21-116417
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RLJ issues $500M 4% secured notes due 2029 to refinance 6% FelCor notes; amends credit facilities
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- Issued $500M 4.000% Senior Secured Notes due 2029; proceeds to redeem FelCor's 6.00% senior notes due 2025.
- Amended Credit Agreement and Term Loan to allow one-year extension on $151.7M Tranche A-1 and $73.0M Five Year Term Loans.
- Extended term loans will incur a 0.30% increase in Applicable Margin from the initial maturity date.
- Acquisition basket for unencumbered properties raised to $450M (no revolver drawn) or $300M (if revolver drawn ≤$200M).
- Extension fee of 0.15% of extended loans payable to consenting lenders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511337/000110465921116417/0001104659-21-116417-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511337/000110465921116417/tm2127684d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-116417

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