---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-039187"
form_type: "8-K"
ticker: "CHH"
cik: "0001046311"
company_name: "CHOICE HOTELS INTERNATIONAL INC /DE"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T12:57:44.611083+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Revolving credit facility increased from $600M to $850M via third amendment.
- Interest rate benchmark switched from LIBOR to adjusted Term SOFR.
- Wells Fargo Bank succeeds Deutsche Bank as administrative agent under the credit agreement.
- Maturity date remains August 20, 2026, same pricing terms as prior commitments.
- The amendment effective February 14, 2023, with customary conditions satisfied.

## SEC filing metadata
- accession: 0001193125-23-039187
- form_type: 8-K
- ticker: CHH
- cik: 0001046311
- company_name: CHOICE HOTELS INTERNATIONAL INC /DE
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046311/000119312523039187/0001193125-23-039187-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046311/000119312523039187/d422250d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-039187
- JSON: https://secwatch.observer/filing/0001193125-23-039187.json
- Plain text: https://secwatch.observer/filing/0001193125-23-039187.txt

## Key facts
- Material Agreements
  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
  source text: 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” ).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046311/000119312523039187/0001193125-23-039187-index.htm

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