Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Xenia Hotels & Resorts, Inc. incurred credit facility of $675 million with JPMorgan Chase Bank, N.A., as administrative agent at 145 to 275 basis points over the applicable adjusted term SOFR rate maturing January 2027.
- Instrument
- credit facility
- Principal
- $675 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- 145 to 275 basis points over the applicable adjusted term SOFR rate
- Maturity
- January 2027
- Event
- incurrence
Exact text from the filing
On January 10, 2023, Xenia Hotels & Resorts, Inc.’s (the “Company”) wholly-owned subsidiary, XHR LP (the “Borrower”), entered into a new $675 million senior unsecured credit facility comprised of a $450 million revolving line of credit (“Revolving Credit Facility”), a $125 million term loan (“Initial Term Loan”), and a $100 million delayed draw term loan (“Delayed Draw Term Loan")
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Xenia Hotels & Resorts, Inc. entered into Credit Agreement with a syndicate of bank lenders, JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., KeyBank National Association, PNC Bank, National Association, and Regions Bank as co-syndication agents, Fifth Third Bank, National Association, as documentation agent, Credit Agricole Corporate a valued at $675 million (effective 2023-01-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- a syndicate of bank lenders, JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., KeyBank National Association, PNC Bank, National Association, and Regions Bank as co-syndication agents, Fifth Third Bank, National Association, as documentation agent, Credit Agricole Corporate a
- Value
- $675 million
- Effective
- 2023-01-10
Exact text from the filing
On January 10, 2023, Xenia Hotels & Resorts, Inc.’s (the “Company”) wholly-owned subsidiary, XHR LP (the “Borrower”), entered into a new $675 million senior unsecured credit facility comprised of a $450 million revolving line of credit (“Revolving Credit Facility”), a $125 million term loan (“Initial Term Loan”), and a $100 million delayed draw term loan (“Delayed Draw Term Loan”), with a syndicate of bank lenders, JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., KeyBank National Association, PNC Bank, National Association, and Regions Bank as co-syndication agents, Fifth Third Bank, National Association, as documentation agent, Credit Agricole Corporate and Investment Bank, as sustainability structuring agent, JPMorgan Chase Bank, N.A., BofA Securities, Inc., KeyBanc Capital Markets, Inc., PNC Capital Markets LLC, and Regions Capital Markets, as joint lead arrangers and joint bookrunners for the Revolving Credit Facility, the Initial Term Loan and the Delayed
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