---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-074240"
form_type: "8-K"
ticker: "AHT"
cik: "0001232582"
company_name: "ASHFORD HOSPITALITY TRUST INC"
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T17:39:10.400591+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ashford Hospitality Trust amends Oaktree credit agreement; extends DDTL availability, eases restricted payment covenants

## Summary
- DDTL commitment expiration extended to July 7, 2023; up to $100M available for 12 months ending July 7, 2024 subject to 9% unused fee.
- Restricted payments (including preferred stock dividends) now permitted without maintaining $100M+ unrestricted cash.
- Default on certain pool mortgage loans no longer counts against $400M Mortgage Debt Threshold.
- A $415M mortgage loan deemed to have $400M principal for threshold purposes.
- At least 50% of Exit Fee under Credit Agreement to be paid as cash.

## SEC filing metadata
- accession: 0001104659-23-074240
- form_type: 8-K
- ticker: AHT
- cik: 0001232582
- company_name: ASHFORD HOSPITALITY TRUST INC
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1232582/000110465923074240/0001104659-23-074240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1232582/000110465923074240/tm2319071d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-074240
- JSON: https://secwatch.observer/filing/0001104659-23-074240.json
- Plain text: https://secwatch.observer/filing/0001104659-23-074240.txt

## Key facts
- Material Agreements
  ASHFORD HOSPITALITY TRUST INC amended Amendment No. 2 to the Credit Agreement with the Lenders and the Administrative Agent (Oaktree Fund Administration, LLC) (effective 2023-06-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the Lenders and the Administrative Agent (Oaktree Fund Administration, LLC)
  - Effective: 2023-06-21
  source text: On June 21, 2023, Ashford Trust and the Borrower entered into Amendment No. 2 to the Credit Agreement (“ Amendment No. 2 ”) with the Lenders and the Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1232582/000110465923074240/0001104659-23-074240-index.htm

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