secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001476045-22-000063
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604522000063/0001476045-22-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604522000063/cldt-20221028.htm
  HTML page:      https://secwatch.observer/filing/0001476045-22-000063

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