---
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"
generated_at: "2026-05-17T05:23:34.751075+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Chatham Lodging Trust upsizes credit facility to $500M, extends maturity to 2029

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-029977
- JSON: https://secwatch.observer/filing/0001437749-25-029977.json
- Plain text: https://secwatch.observer/filing/0001437749-25-029977.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $200 million
  - Counterparty: Bank of America Securities, Inc.
  - Rate: adjusted term SOFR ranging from 1.45% to 2.2% (a 0.1% decrease from Existing Fac
  - Maturity: September 25, 2029
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1476045/000143774925029977/0001437749-25-029977-index.htm
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $300 million unsecured revolving loan
  - Counterparty: Bank of America Securities, Inc.
  - Rate: adjusted term SOFR ranging from 1.5% to 2.25% (currently 1.6%)
  - Maturity: September 25, 2029
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1476045/000143774925029977/0001437749-25-029977-index.htm

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