Xenia Hotels & Resorts to repay some loans with proceeds of new notes

By Rebecca Melvin

Concord, N.H. May 20 – Xenia Hotels & Resorts Inc. plans to repay borrowings under certain of the company’s credit facilities using the proceeds of a new notes issue, according to a company news release.

The company plans to price $400 million of senior notes due 2029. The proceeds of the issue will also be used for general corporate purposes.

The real estate investment trust is based in Orlando, Fla.

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