---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-011101"
form_type: "8-K"
ticker: "SHO"
cik: "0001295810"
company_name: "Sunstone Hotel Investors, Inc."
filed_at: "2022-07-27T23:59:59+00:00"
generated_at: "2026-06-24T08:03:31.221101+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sunstone Hotel Investors closes $850M credit agreement, extends maturities to 2027/2028

## Summary
- New $500M unsecured revolver plus $350M term loans (two $175M tranches), up from $108M prior.
- Proceeds used to fully repay the $230M outstanding on the prior revolver; facility now undrawn.
- Revolver matures July 2026 with two six-month extension options to July 2027; term loans mature July 2027 and Jan 2028.
- Interest rate ranges from 1.35% to 2.25% over adjusted SOFR based on leverage; sustainability-linked pricing can lower margin by 0.02%.
- Covenants include max leverage 6.5x, min fixed-charge coverage 1.5x, and unencumbered borrowing base of at least 7 properties / $500M.

## SEC filing metadata
- accession: 0001558370-22-011101
- form_type: 8-K
- ticker: SHO
- cik: 0001295810
- company_name: Sunstone Hotel Investors, Inc.
- filed_at: 2022-07-27T23:59:59+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/1295810/000155837022011101/0001558370-22-011101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295810/000155837022011101/sho-20220725x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-011101
- JSON: https://secwatch.observer/filing/0001558370-22-011101.json
- Plain text: https://secwatch.observer/filing/0001558370-22-011101.txt

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