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Extended Stay America subsidiary amends $1.22B credit agreement

Extended Stay America Inc.'s ESH Hospitality Inc. unit and certain of its subsidiaries amended a credit agreement, which had term loans outstanding of roughly $1.22 billion.

The amended agreement provides for debt of an amount identical to that outstanding under the previous agreement. The proceeds of the new term loans were used to refinance all the existing term loans.

Deutsche Bank AG New York Branch is administrative agent.