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RLJ Lodging completes early redemption of $524M of notes

RLJ Lodging Trust completed the early redemption of $524.0 million of outstanding 5.625% senior secured notes due 2023 issued by FelCor Lodging LP.

The full-service hotel real estate investment trust used cash on hand and borrowings under its previously undrawn $600.0 million revolving credit facility to finance the redemption, which was completed March 9.