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RLJ Lodging Trust extends maturities of revolver, term loan facility

RLJ Lodging Trust extended the maturity of its $600 million senior unsecured revolving credit facility to May 2024 from April 2020, with an option to extend for an additional year.

The hotel real estate investment trust also extended the maturity of its $400 million term loan facility to May 2025 from April 2021.

The company said the amendments will improve its maturity profile, offer further covenant flexibility and lower the weighted average interest rate on the facilities.

The REIT's debt maturities remain well staggered with no debt maturities until 2022.