Apple Hospitality REIT completes $1.3B credit facility refinancing, extends maturities

Apple Hospitality REIT, Inc.

• Revolver increased to $700M (from $650M), maturity extended to July 2030 with extension options.
• $275M term loan extended to 2031, $300M term loan extended to 2032; total facility capacity up to $1.75B.
• New $160M seven-year term loan (up from $130M) matures 2033; $30M incremental funded at closing.
• Conformed pricing on two other term loans ($470M total) to improved grid; principal and maturity unchanged.
• No significant maturities until 2029; no revolver borrowings outstanding; weighted average maturity ~5 years.