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Chesapeake Lodging to repay revolving credit facility via stock sale
By Tali Rackner
Norfolk, Va., March 23 – Chesapeake Lodging Trust plans to repay borrowings outstanding under its revolving credit facility with the proceeds from a public offering of 3 million common shares, according to a press release.
Chesapeake Lodging Trust is an Annapolis Md.-based real estate investment trust focused on hotels.
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