---
schema_version: "secwatch.filing_event.v1"
accession: "0001476045-22-000063"
form_type: "8-K"
ticker: "CLDT"
cik: "0001476045"
company_name: "Chatham Lodging Trust"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T17:57:26.096375+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Chatham Lodging Trust refinances with $305M unsecured facilities; extends maturity to 2027

## Summary
- Signed $215M unsecured revolver and $90M term loan, replacing $250M facility maturing 2023.
- Both facilities mature October 2027 with extension options; term loan to repay secured debt.
- Interest at SOFR + 1.5%-2.25% (revolver) and SOFR + 1.45%-2.2% (term loan); no borrowings outstanding.
- Company reduced net debt 40% since pandemic; only 15 of 39 hotels encumbered.
- Accordion feature allows up to $145M additional capacity; $112M in manageable 2023 maturities.

## SEC filing metadata
- accession: 0001476045-22-000063
- form_type: 8-K
- ticker: CLDT
- cik: 0001476045
- company_name: Chatham Lodging Trust
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476045/000147604522000063/0001476045-22-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476045/000147604522000063/cldt-20221028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476045-22-000063
- JSON: https://secwatch.observer/filing/0001476045-22-000063.json
- Plain text: https://secwatch.observer/filing/0001476045-22-000063.txt

## Key facts
- Debt Financings
  Chatham Lodging Trust incurred revolving credit of $215 million unsecured revolving credit facility with Barclays Bank PLC (administrative agent) and certain lenders at adjusted term SOFR ranging from 1.5% to 2.25% maturing October 28, 2027.
  - Instrument: revolving credit
  - Principal: $215 million unsecured revolving credit facility
  - Counterparty: Barclays Bank PLC (administrative agent) and certain lenders
  - Rate: adjusted term SOFR ranging from 1.5% to 2.25%
  - Maturity: October 28, 2027
  - Event: incurrence
  source text: The Credit Agreement Amendment provides for a $215 million unsecured revolving credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476045/000147604522000063/0001476045-22-000063-index.htm
- Material Agreements
  Chatham Lodging Trust entered into Second Amendment and Restatement Agreement with Barclays Bank PLC valued at $215 million unsecured revolving credit facility (effective 2022-10-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Barclays Bank PLC
  - Value: $215 million unsecured revolving credit facility
  - Effective: 2022-10-28
  source text: On October 28, 2022, Chatham Lodging Trust (the “Company”), as parent guarantor, Chatham Lodging LP, as borrower (the “Operating Partnership”), and certain subsidiaries of the Operating Partnership, as guarantors, entered into that certain Second Amendment and Restatement Agreement (the “Credit Agreement Amendment”) to the Company’s Amended and Restated Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476045/000147604522000063/0001476045-22-000063-index.htm
- Material Agreements
  Chatham Lodging Trust entered into Term Loan Credit Agreement with Regions and Capital One valued at $90 million unsecured term loan facility (effective 2022-10-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Regions and Capital One
  - Value: $90 million unsecured term loan facility
  - Effective: 2022-10-28
  source text: On October 28, 2022, the Company, as parent guarantor, the Operating Partnership, as borrower, and certain subsidiaries of the Operating Partnership, as guarantors simultaneously entered into that certain Term Loan Credit Agreement (the “Term Loan Agreement”) with Regions and Capital One acting as joint lead arrangers and bookrunners for the term loan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476045/000147604522000063/0001476045-22-000063-index.htm

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