---
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"
generated_at: "2026-08-28T20:18:39.506818+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Choice Hotels enters $500M senior unsecured term loan; matures Aug 2029

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-374377
- JSON: https://secwatch.observer/filing/0001193125-26-374377.json
- Plain text: https://secwatch.observer/filing/0001193125-26-374377.txt

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