---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-172279"
form_type: "8-K"
ticker: "CHH"
cik: "0001046311"
company_name: "CHOICE HOTELS INTERNATIONAL INC /DE"
filed_at: "2024-06-28T23:59:59+00:00"
generated_at: "2026-06-01T00:24:36.348579+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 to $1B, extends maturity to 2029

## Summary
- Revolver increased from $850M to $1B; maturity extended to June 28, 2029 from August 20, 2026.
- Option to increase commitments or add term loans by up to $500M with lender consent.
- SOFR-based loans priced at 0.90%–1.50% margin over SOFR based on debt ratings or leverage ratio.
- Covenants: fixed charge coverage ≥2.5x, total leverage ≤4.5x (up to 5.5x on material acquisitions if investment grade).
- Proceeds for general corporate purposes including working capital, debt repayment, stock repurchases, dividends.

## SEC filing metadata
- accession: 0001193125-24-172279
- form_type: 8-K
- ticker: CHH
- cik: 0001046311
- company_name: CHOICE HOTELS INTERNATIONAL INC /DE
- filed_at: 2024-06-28T23:59:59+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/1046311/000119312524172279/0001193125-24-172279-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046311/000119312524172279/d860049d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-172279
- JSON: https://secwatch.observer/filing/0001193125-24-172279.json
- Plain text: https://secwatch.observer/filing/0001193125-24-172279.txt

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