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Stock impact report

RLJ Lodging Trust Announces Senior Secured Notes Offering

RLJ Lodging Trust Common Shares of Beneficial Interest $0.01 par value (RLJ) 
Last rlj lodging trust common shares of beneficial interest $0.01 par value earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.rljlodgingtrust.com
Company Research Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE:RLJ) announced today that its operating partnership, RLJ Lodging Trust, L.P. (the “Operating Partnership” or the “Issuer”), intends to offer $400 million aggregate principal amount of senior secured notes due 2026 (the “Notes”). The Notes will be guaranteed by the Company and certain subsidiaries of the Operating Partnership that guarantee the Company’s senior credit facilities. The Company intends to use the net proceeds of the offering to partially repay outstanding near-term maturity indebtedness under the Company’s credit facilities and the Company’s outstanding secured mortgage indebtedness, as well as any costs and expenses related thereto, and for general corporate purposes.The Notes and the related guarantees have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. The Notes may not be offered or sold in the United States except pursuan Show less Read more
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