BETHESDA, Md.--(BUSINESS WIRE)--Mar. 12, 2018--
RLJ Lodging Trust (NYSE: RLJ), announced that it has completed the early
redemption of all of the outstanding 5.625% Senior Secured Notes due
2023 issued by FelCor Lodging Limited Partnership in the aggregate
principal amount of $524.0 million on March 9, 2018.
The Company funded this redemption by using cash on hand and borrowings
under its previously undrawn $600.0 million revolving credit facility.
RLJ Lodging Trust is a self-advised, publicly traded real estate
investment trust focused on acquiring premium-branded, focused-service
and compact full-service hotels. The Company’s portfolio consists of 156
hotels with approximately 30,570 rooms located in 26 states and the
District of Columbia and an ownership interest in one unconsolidated
hotel with 171 rooms.
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Source: RLJ Lodging Trust
RLJ Lodging Trust
Leslie D. Hale, Chief Operating Officer and Chief