RLJ Lodging borrows $400 million under its $600 million revolver

By Sarah Lizee

Olympia, Wash., March 20 – RLJ Lodging Trust operating partnership RLJ Lodging Trust, LP borrowed $400 million under its $600 million revolving credit facility on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

The proceeds may be used for working capital, general corporate purposes or other purposes permitted by the third amended and restated credit agreement.

RLJ Lodging is a Bethesda, Md.-based real estate investment trust focused on acquiring hotels.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.