---
schema_version: "secwatch.filing_event.v1"
accession: "0001298946-22-000096"
form_type: "8-K"
ticker: "DRH"
cik: "0001298946"
company_name: "DiamondRock Hospitality Co"
filed_at: "2022-09-28T23:59:59+00:00"
generated_at: "2026-06-23T06:56:15.702970+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# DiamondRock completes $1.2B refinancing, extends debt maturities to 2026-2028

## Summary
- New $400M revolver (maturing Sept 2027 with two six-month extensions) and $800M in term loans ($300M due Jan 2026, $500M Jan 2028).
- Interest rates based on leverage grid (1.35% to 2.25% over adjusted term SOFR).
- Proceeds used to repay $350M term loan, $50M term loan due 2023, and $150M revolver draw; remaining to repay 2023 mortgage maturities.
- After repayments, no debt maturities until August 2024; 30 hotels unencumbered by secured debt.
- Company expects year-end liquidity >$600M; pricing includes sustainability-linked component (up to 0.04% margin reduction).

## SEC filing metadata
- accession: 0001298946-22-000096
- form_type: 8-K
- ticker: DRH
- cik: 0001298946
- company_name: DiamondRock Hospitality Co
- filed_at: 2022-09-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1298946/000129894622000096/0001298946-22-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1298946/000129894622000096/drh-20220927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001298946-22-000096
- JSON: https://secwatch.observer/filing/0001298946-22-000096.json
- Plain text: https://secwatch.observer/filing/0001298946-22-000096.txt

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