RLJ Lodging Trust enters $150M at-the-market equity program with forward sale capability

RLJ Lodging Trust

RLJ entered into an ATM equity distribution agreement to sell up to $150M in common shares.
The program allows sales through multiple agents and includes forward sale agreements with eight banks.
Commissions for agents and forward sellers each capped at 2.0% of gross sales price.
Forward sales yield no initial proceeds; settlement may be physical, cash, or net shares.

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