secwatch.observer — SEC 8-K summary
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Issuer:     Xenia Hotels & Resorts, Inc. (XHR)
CIK:        0001616000
Form:       8-K
Filed at:   2023-01-11T23:59:59+00:00
Accession:  0001193125-23-006041
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616000/000119312523006041/0001193125-23-006041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616000/000119312523006041/d426352d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-006041

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