---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-006041"
form_type: "8-K"
ticker: "XHR"
cik: "0001616000"
company_name: "Xenia Hotels & Resorts, Inc."
filed_at: "2023-01-11T23:59:59+00:00"
generated_at: "2026-06-20T16:33:27.724410+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Xenia Hotels & Resorts closes $675M credit facility refinancing, extends maturities

## Summary
- New $675M facility: $450M revolver (Jan 2027 maturity), $125M term loan and $100M delayed draw (Mar 2026).
- Revolver interest rate: SOFR + 145-275 bps based on leverage ratio up to 7.25x; full availability at closing.
- Proceeds used to repay $125M term loan due Sep 2024; delayed draw to repay $100M mortgage due Aug 2024.
- 2024 debt maturities now limited to one $55M mortgage loan; CEO cites enhanced balance sheet flexibility.
- Lead arrangers include JPMorgan, BofA Securities, KeyBanc, PNC, Regions, and Fifth Third.

## SEC filing metadata
- accession: 0001193125-23-006041
- form_type: 8-K
- ticker: XHR
- cik: 0001616000
- company_name: Xenia Hotels & Resorts, Inc.
- filed_at: 2023-01-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616000/000119312523006041/0001193125-23-006041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616000/000119312523006041/d426352d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-006041
- JSON: https://secwatch.observer/filing/0001193125-23-006041.json
- Plain text: https://secwatch.observer/filing/0001193125-23-006041.txt

## Key facts
- Debt Financings
  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
  source text: 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")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616000/000119312523006041/0001193125-23-006041-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616000/000119312523006041/0001193125-23-006041-index.htm

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