Apple Hospitality REIT Successfully Completes Refinancing Transactions
Apple Hospitality REIT completed refinancing transactions that upsized its main credit facility to approximately $1.3 billion and increased its seven-year term loan to $160 million. The new agreements extend the debt maturity schedule, pushing the next significant maturities to 2029 and beyond, while improving pricing terms to a range of SOFR plus 1.35% to 2.30%.
Key figures
- Main credit facility amount
- 1300000000
- Seven year term loan amount
- 160000000
- Weighted average maturity years
- nearly five years
- Revolving credit facility amount
- 700000000
- Other facilities conformed amount
- 470000000
AI analysis
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