trending Market Intelligence /marketintelligence/en/news-insights/trending/Cc3xYBZ7tGgj8PfaJ2H22w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Extended Stay America units amend $1.3B credit agreement

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Extended Stay America units amend $1.3B credit agreement

Extended Stay America Inc.'s controlled subsidiary and its units amended an existing roughly $1.29 billion credit agreement to provide for new term loans with the same aggregate amount.

The new loans will have the same maturity date of Aug. 30, 2023, as the existing term loans.

The amended agreement also decreases the term loans' interest rate spreads on the London Interbank Offered Rate to 2.00% or 2.25% from 2.50%, and the alternate base rate to 1.00% or 1.25% from 1.50%, in each case depending on ESH Hospitality Inc.'s credit rating, among other changes.

Deutsche Bank AG New York Branch is the administrative agent and collateral agent.