---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-061205"
form_type: "8-K"
ticker: "RLJ"
cik: "0001511337"
company_name: "RLJ Lodging Trust"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:36:27.215140+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RLJ Lodging Trust refinances $600M revolver and enters $225M term loan; extends maturities to 2026-2027

## Summary
- Revolver maturity extended to May 2027 with one 1-year extension option.
- New $225M term loan matures May 2026, with two 1-year extension options to May 2028.
- Proceeds used to repay two term loans maturing January 2024.
- Executed $250M interest rate swaps at weighted average rate of 2.88%.
- Amendment enhances flexibility and retains pricing grid from prior facility.

## SEC filing metadata
- accession: 0001104659-23-061205
- form_type: 8-K
- ticker: RLJ
- cik: 0001511337
- company_name: RLJ Lodging Trust
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1511337/000110465923061205/0001104659-23-061205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1511337/000110465923061205/tm2315672d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-061205
- JSON: https://secwatch.observer/filing/0001104659-23-061205.json
- Plain text: https://secwatch.observer/filing/0001104659-23-061205.txt

## Key facts
- Debt Financings
  RLJ Lodging Trust amended revolving credit of $600 million with Wells Fargo Bank, National Association at SOFR plus a credit spread adjustment of 10 basis points (“Adjusted SOFR”) plus a maturing May 10, 2027.
  - Instrument: revolving credit
  - Principal: $600 million
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: SOFR plus a credit spread adjustment of 10 basis points (“Adjusted SOFR”) plus a
  - Maturity: May 10, 2027
  - Event: amendment
  source text: The Amended Credit Agreement (1) extends the maturity date of the Operating Partnership’s $600 million unsecured revolving credit facility (the “Revolver”) to May 10, 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/1511337/000110465923061205/0001104659-23-061205-index.htm
- Debt Financings
  RLJ Lodging Trust incurred term loan of $225 million with Wells Fargo Bank, National Association at Adjusted SOFR plus a margin ranging from 145 to 220 basis points or a base rate maturing May 10, 2026.
  - Instrument: term loan
  - Principal: $225 million
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: Adjusted SOFR plus a margin ranging from 145 to 220 basis points or a base rate
  - Maturity: May 10, 2026
  - Event: incurrence
  source text: provides for a new $225 million unsecured term loan with a scheduled maturity date of May 10, 2026 (the “Tranche A-1 Term Loan”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1511337/000110465923061205/0001104659-23-061205-index.htm
- Material Agreements
  RLJ Lodging Trust amended Fourth Amended and Restated Credit Agreement with Wells Fargo Bank, National Association and the other lenders party thereto valued at $600 million (effective 2023-05-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association and the other lenders party thereto
  - Value: $600 million
  - Effective: 2023-05-10
  source text: RLJ Lodging Trust (the “Company”), as parent guarantor, and RLJ Lodging Trust, L.P., the Company’s operating partnership (the “Operating Partnership”), as borrower, entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and the other lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1511337/000110465923061205/0001104659-23-061205-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.