---
schema_version: "secwatch.filing_event.v1"
accession: "0001476045-23-000062"
form_type: "8-K"
ticker: "CLDT"
cik: "0001476045"
company_name: "Chatham Lodging Trust"
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:27:39.718949+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chatham Lodging Trust issues ~$83M in fixed-rate debt, clears all 2024 maturities

## Summary
- Five first mortgage loans totaling ~$83M: $24.5M at 7.608% (5yr) and $58.4M at 7.3-7.4% (10yr).
- Proceeds will repay $41M maturing mortgage on Residence Inn Bellevue in September.
- Remaining $42M plus $260M credit facility provide $302M to cover $300M in 2024 debt maturities.
- Only 14 of 39 hotels encumbered after Bellevue repayment; no debt due 2025 except one $19M loan.
- CEO says balance sheet flexibility allows refinancing, acquisitions or other investments.

## SEC filing metadata
- accession: 0001476045-23-000062
- form_type: 8-K
- ticker: CLDT
- cik: 0001476045
- company_name: Chatham Lodging Trust
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476045/000147604523000062/0001476045-23-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476045/000147604523000062/cldt-20230830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476045-23-000062
- JSON: https://secwatch.observer/filing/0001476045-23-000062.json
- Plain text: https://secwatch.observer/filing/0001476045-23-000062.txt

## Key facts
- Debt Financings
  Chatham Lodging Trust incurred loan of $9.0 million with Wells Fargo Bank at 7.332 percent maturing in 2033.
  - Instrument: loan
  - Principal: $9.0 million
  - Counterparty: Wells Fargo Bank
  - Rate: 7.332 percent
  - Maturity: in 2033
  - Event: incurrence
  source text: and (2) a $9.0 million loan that is secured by the Courtyard Summerville, SC, respectively. Each loan carries an interest rate of 7.332 percent, is interest-only and matures in 2033.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476045/000147604523000062/0001476045-23-000062-index.htm
- Debt Financings
  Chatham Lodging Trust incurred loan of $39.9 million with Barclays Capital Real Estate at 7.4 percent per annum maturing 10-year.
  - Instrument: loan
  - Principal: $39.9 million
  - Counterparty: Barclays Capital Real Estate
  - Rate: 7.4 percent per annum
  - Maturity: 10-year
  - Event: incurrence
  source text: On August 16, 2023, two 10-year loans aggregating $39.9 million were provided by Barclays Capital Real Estate and are secured by the Residence Inn and TownePlace Suites Austin Northwest / The Domain. The loans carry a fixed interest rate of 7.4 percent per annum
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476045/000147604523000062/0001476045-23-000062-index.htm
- Debt Financings
  Chatham Lodging Trust incurred loan of $24.5 million with Wells Fargo Bank at 7.608 percent maturing in 2028.
  - Instrument: loan
  - Principal: $24.5 million
  - Counterparty: Wells Fargo Bank
  - Rate: 7.608 percent
  - Maturity: in 2028
  - Event: incurrence
  source text: On August 30, 2023, an indirect, wholly owned subsidiary of Chatham Lodging Trust (the "Company") closed on a $24.5 million loan that is secured by the Courtyard Dallas (TX) Downtown hotel. The loan carries an interest rate of 7.608 percent, is interest-only and matures in 2028.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476045/000147604523000062/0001476045-23-000062-index.htm
- Debt Financings
  Chatham Lodging Trust incurred loan of $9.5 million with Wells Fargo Bank at 7.332 percent maturing in 2033.
  - Instrument: loan
  - Principal: $9.5 million
  - Counterparty: Wells Fargo Bank
  - Rate: 7.332 percent
  - Maturity: in 2033
  - Event: incurrence
  source text: On August 31, 2023, another two (2) indirect, wholly owned subsidiaries of the Company closed on (1) a $9.5 million loan that is secured by the Residence Inn in Summerville, SC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476045/000147604523000062/0001476045-23-000062-index.htm

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