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SEC Filings

8-K
RLJ LODGING TRUST filed this Form 8-K on 08/07/2018
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RLJ Lodging Trust
Consolidated Debt Summary
(Amounts in thousands)
(unaudited)
Loan
Base Term (Years)
Maturity
(incl. extensions)
Floating / Fixed
Interest Rate (1)
 
Balance as of
June 30, 2018 (2)
Secured Debt
 
 
 
 
 
 
Scotiabank - 1 hotel
4
Nov 2018
Floating
4.76
%
 
$
85,000

Wells Fargo - 4 hotels
3
Oct 2021
Floating (3)
4.07
%
 
150,000

Wells Fargo - 4 hotels
2
Mar 2022
Floating (3)
4.04
%
 
141,750

Wells Fargo - 1 hotel
10
Jun 2022
Fixed
5.25
%
 
31,735

PNC - 3 hotels
10
Oct 2022
Fixed
4.95
%
 
83,522

Wells Fargo - 1 hotel
10
Oct 2022
Fixed
4.95
%
 
33,137

Prudential - 1 hotel
10
Oct 2022
Fixed
4.94
%
 
29,273

PNC - 5 hotels
5
Mar 2023
Floating
4.19
%
 
85,000

Weighted-Average / Secured Total
 
 
 
4.43
%
 
$
639,417

 
 
 
 
 
 
 
Unsecured Debt
 
 
 
 
 
 
Revolver (4)
4
Apr 2021
Floating
3.59
%
 
$
250,000

$400 Million Term Loan Maturing 2021
5
Apr 2021
Floating (3)(5)
3.06
%
 
400,000

$150 Million Term Loan Maturing 2022
7
Jan 2022
Floating (3)
3.08
%
 
150,000

$400 Million Term Loan Maturing 2023
5
Jan 2023
Floating (3)(5)
3.17
%
 
400,000

$225 Million Term Loan Maturing 2023
5
Jan 2023
Floating (3)
3.44
%
 
225,000

Senior Unsecured Notes
10
Jun 2025
Fixed
6.00
%
 
475,000

Weighted-Average / Unsecured Total
 
 
 
3.93
%
 
$
1,900,000

 
 
 
 
 
 
 
Weighted-Average / Gross Debt
 
 
 
4.06
%
 
$
2,539,417

 
 
 
 
 
 
 

Note:
(1) Interest rates as of June 30, 2018.
(2) Excludes the impact of fair value adjustments and deferred financing costs.
(3) The floating interest rate is hedged with an interest rate swap.
(4) As of June 30, 2018, there was $350.0 million of borrowing capacity on the revolver, which is charged an unused commitment fee of 0.30%
annually.
(5) Reflects interest rate swap on $350.0 million.





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