Brief: Xenia Hotels & Resorts Upsizes And Extends Credit Facility With $675 Million Refinancing

Xenia Hotels & Resorts

11/01/2023 11:32

Jan 11 (Reuters) - Xenia Hotels & Resorts Inc  XHR.N :
    * XENIA HOTELS & RESORTS UPSIZES AND EXTENDS CREDIT FACILITY
WITH
$675 MILLION REFINANCING
    * XENIA HOTELS & RESORTS INC - $450 MILLION REVOLVING CREDIT
FACILITY MATURES IN JANUARY 2027 AND CAN BE EXTENDED UP TO AN
ADDITIONAL YEAR
    * XENIA HOTELS & RESORTS - INTENDS TO USE PROCEEDS OF
DELAYED DRAW
TERM LOAN TO PAY OFF $100 MILLION MORTGAGE LOAN DUE IN AUGUST
2024
    * XENIA HOTELS & RESORTS INC - CREDIT FACILITY IS COMPRISED
OF
$450 MILLION REVOLVING LINE OF CREDIT, $125 MILLION TERM LOAN,
$100 MILLION DELAYED DRAW TERM LOAN
    * XENIA HOTELS & RESORTS INC - INITIAL TERM LOAN AND DELAYED
DRAW
TERM LOAN EACH MATURE IN MARCH 2026
    * XENIA HOTELS & RESORTS INC - REMAINING 2024 DEBT
MATURITIES ARE
LIMITED TO ONE $55 MILLION MORTGAGE LOAN

Source text for Eikon:  ID:nPnbkZXs7a 
Further company coverage:  XHR.N 
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