trending Market Intelligence /marketintelligence/en/news-insights/trending/0e5hugvkhdwfpiros4dwcg2 content esgSubNav
In This List

RLJ Lodging to redeem $539M of outstanding senior notes


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

RLJ Lodging to redeem $539M of outstanding senior notes

RLJ Lodging Trust plans to fully redeem the $524.0 million of outstanding 5.625% senior secured notes due 2023 issued by FelCor Lodging LP.

The total sum payable upon redemption on March 9 will be approximately $539.4 million. This includes the redemption price of 102.813% of the principal amount of the notes being redeemed plus accrued and unpaid interest.

The redemption will be financed with cash on hand and borrowings under the hotel real estate investment trust's previously undrawn $600.0 million revolving credit facility, according to a release.