Brief: Ashford Announces $35 Mln Credit Facility

Ashford

02/03/2018 13:04

March 2 (Reuters) - Ashford Inc  AINC.A :
    * ASHFORD ANNOUNCES $35 MILLION CREDIT FACILITY
    * ASHFORD INC - ‍ CREDIT FACILITY PROVIDES FOR A 3-YEAR
REVOLVING
LINE OF CREDIT, BEARS INTEREST AT A RANGE OF 3.0% - 3.50% OVER
LIBOR
    * ASHFORD INC - ‍ A ONE-YEAR EXTENSION OPTION TO CREDIT
FACILITY
SUBJECT TO SATISFACTION OF CERTAIN CONDITIONS​
    * ASHFORD INC - ‍ NEW FACILITY INCLUDES OPPORTUNITY TO
EXPAND
BORROWING CAPACITY BY UP TO $40 MILLION TO AGGREGATE OF $75
MILLION​

Source text for Eikon:  ID:nPn2MBdpKa 
Further company coverage:  AINC.A 

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