secwatch / observer
8-K filed February 14, 2023, 6:59 PM ET ticker CHH CIK 0001046311
debt confidence high sentiment neutral materiality 0.50

Choice Hotels upsizes revolver by $250M to $850M, transitions from LIBOR to Term SOFR

CHOICE HOTELS INTERNATIONAL INC /DE

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CHOICE HOTELS INTERNATIONAL INC /DE amended Third Amendment to the Amended and Restated Senior Unsecured Credit Agreement with Wells Fargo Bank, National Association (successor to Deutsche Bank AG New York Branch), as administrative agent, and the lenders party thereto valued at $250 million (effective 2023-02-14).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association (successor to Deutsche Bank AG New York Branch), as administrative agent, and the lenders party thereto
Value
$250 million
Effective
2023-02-14
Exact text from the filing
On February 14, 2023, Choice Hotels International, Inc. (the “ Company ”) entered into a Third Amendment to the Amended and Restated Senior Unsecured Credit Agreement (the “ Amendment” ) among the Company, Wells Fargo Bank, National Association (successor to Deutsche Bank AG New York Branch), as administrative agent (the “ Administrative Agent” ) and the lenders party thereto, which amends the Amended and Restated Senior Unsecured Credit Agreement, dated as of August 20, 2018, among the Company, the Administrative Agent, the other agents party thereto and the lenders party thereto (as previously amended, the “ Existing Credit Agreement” ).
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Source: SEC EDGAR
accession 0001193125-23-039187
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