{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-029977","form_type":"8-K","ticker":"CLDT","cik":"0001476045","company_name":"Chatham Lodging Trust","filed_at":"2025-09-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.066678+00:00","generated_at":"2026-05-17T05:23:34.751075+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Chatham Lodging Trust upsizes credit facility to $500M, extends maturity to 2029","bullets":["New $300M unsecured revolver and $200M term loan, up from prior $260M+$140M facilities.","Facility matures September 2029 with two 12-month extension options; accordion allows increase to $650M.","Revolver interest SOFR+1.5%-2.25% (currently 1.6%); term loan SOFR+1.45%-2.2%, a 10bps decrease.","Proceeds repaid $60M revolver and $140M term loan outstanding; joint lead arrangers include BofA, Wells Fargo, Capital One, Regions, Truist.","CFO Jeremy Wegner cited financial flexibility to enhance shareholder value, terms similar to larger lodging REIT peers."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-029977","json":"https://secwatch.observer/filing/0001437749-25-029977.json","markdown":"https://secwatch.observer/filing/0001437749-25-029977.md","text":"https://secwatch.observer/filing/0001437749-25-029977.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1476045/000143774925029977/0001437749-25-029977-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1476045/000143774925029977/cldt20250925_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:23:34.751075+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":[{"claim_id":"3771641c6459a797192e9184f9df76110b89aeb0","claim":"Chatham Lodging Trust incurred term loan of $200 million with Bank of America Securities, Inc. at adjusted term SOFR ranging from 1.45% to 2.2% (a 0.1% decrease from Existing Fac maturing September 25, 2029.","evidence_excerpt":"The Credit Agreement provides for a $300 million unsecured revolving loan and an unsecured term loan of $200 million for a total of $500 million to replace the existing $260 million revolving credit facility and $140 unsecured term loan facility (together, the “Existing Facilities”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1476045/000143774925029977/0001437749-25-029977-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$200 million"},{"label":"Counterparty","value":"Bank of America Securities, Inc."},{"label":"Rate","value":"adjusted term SOFR ranging from 1.45% to 2.2% (a 0.1% decrease from Existing Fac"},{"label":"Maturity","value":"September 25, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b217834115619fd489327e4709a954423afe677f","claim":"Chatham Lodging Trust incurred revolving credit of $300 million unsecured revolving loan with Bank of America Securities, Inc. at adjusted term SOFR ranging from 1.5% to 2.25% (currently 1.6%) maturing September 25, 2029.","evidence_excerpt":"The Credit Agreement provides for a $300 million unsecured revolving loan and an unsecured term loan of $200 million for a total of $500 million to replace the existing $260 million revolving credit facility and $140 unsecured term loan facility (together, the “Existing Facilities”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1476045/000143774925029977/0001437749-25-029977-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$300 million unsecured revolving loan"},{"label":"Counterparty","value":"Bank of America Securities, Inc."},{"label":"Rate","value":"adjusted term SOFR ranging from 1.5% to 2.25% (currently 1.6%)"},{"label":"Maturity","value":"September 25, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}