Sunstone closes $1.35B credit facility, extends maturities to 2030-2031, lowers borrowing cost

Sunstone Hotel Investors, Inc.

Aggregate borrowing capacity of $1.35B composed of $500M revolver and three term loans totaling $850M.
Revolver matures Sep 2029 extendable to Sep 2030; term loans mature Jan 2029, Jan 2030, Jan 2031.
Over 75% of debt and preferred equity now subject to fixed rates via interest rate swaps.
Proceeds used to consolidate prior term loans, repay revolver; will repay Series A Senior Notes due 2026, no maturities until 2028.
Pricing based on leverage grid 1.35%-2.25% over term SOFR; includes $300M accordion feature.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.