{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-374377","form_type":"8-K","ticker":"CHH","cik":"0001046311","company_name":"CHOICE HOTELS INTERNATIONAL INC /DE","filed_at":"2026-08-28T20:15:36+00:00","discovered_at":"2026-08-28T20:18:14.542208+00:00","generated_at":"2026-08-28T20:18:39.506818+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Choice Hotels enters $500M senior unsecured term loan; matures Aug 2029","bullets":["Term loan of $500M, maturity Aug 28, 2029, with optional one-year extension subject to lender consent.","Pricing: SOFR +1.25% (0.00% floor) or base rate +0.25%; proceeds for general corporate purposes.","Covenants: fixed charge coverage ≥2.5x, leverage ≤4.5x (5.5x for acquisitions); investment-grade rating waives coverage.","Wells Fargo administrative agent; joint lead arrangers: Wells Fargo Securities, BofA Securities, Truist, PNC.","Unsecured facility; customary events of default and restrictions on liens, debt, dividends, asset sales."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-374377","json":"https://secwatch.observer/filing/0001193125-26-374377.json","markdown":"https://secwatch.observer/filing/0001193125-26-374377.md","text":"https://secwatch.observer/filing/0001193125-26-374377.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1046311/000119312526374377/0001193125-26-374377-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1046311/000119312526374377/d110369d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-28T20:18:39.506818+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}