Brief: Sunstone Hotel Investors Completes $850 Million Amended And Restated Credit Agreement

Sunstone Hotel Investors

27/07/2022 13:31

Sunstone Hotel Investors Inc  SHO.N :
    * SUNSTONE HOTEL INVESTORS COMPLETES $850 MILLION AMENDED
AND
RESTATED CREDIT AGREEMENT
    * SUNSTONE HOTEL INVESTORS INC - AMENDED CREDIT AGREEMENT
CONTINUES TO PROVIDE FOR A $500 MILLION REVOLVING CREDIT
FACILITY
    * SUNSTONE HOTEL INVESTORS INC - AMENDED CREDIT AGREEMENT
INCREASES AGGREGATE AMOUNT OF COMPANY'S TWO TERM LOAN FACILITIES
FROM $108 MILLION TO $350 MILLION
    * SUNSTONE HOTEL INVESTORS INC - TWO TERM LOAN FACILITIES
EACH
HAVE A BALANCE OF $175 MILLION AND MATURE IN JULY 2027 AND
JANUARY 2028
    * SUNSTONE HOTEL INVESTORS - UTILIZED PROCEEDS FROM
INCREMENTAL
BORROWING TO FULLY REPAY $230 MILLION OUTSTANDING ON ITS
REVOLVING CREDIT FACILITY

Source text for Eikon:  ID:nPn88g3Hla 
Further company coverage:  SHO.N