DiamondRock upsizes credit facility to $1.5B, extends maturities, repays mortgage loans

DiamondRock Hospitality Co

Credit facility increased from $1.2B to $1.5B; includes $400M revolver and $1.1B in term loans.
Revolver matures Jan 2031; term loans mature Jan 2028, Jan 2029, and Jan 2030 with extension options.
Using $300M upsizing to repay three 2025 mortgage loans; $125M already repaid, $166.6M Westin Boston prepaid Sep 2025.
After repayments, no debt maturities until Jan 2028 and portfolio fully unencumbered.
Interest margins unchanged from prior facility; leverage-linked pricing grid remains.

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