Sunstone amends revolver, extending tenor, lowering rate

By Sara Rosenberg

New York, May 25 - Sunstone Hotel Investors, Inc. amended its $200 million unsecured revolving credit facility, extending the maturity to 2011 from 2010 and lowering grid pricing by 25 to 35 basis points, according to a company news release.

There is a one-year extension option and a $100 million accordion feature.

Citigroup and Wachovia are the joint lead arrangers and bookrunners on the deal.

Sunstone is a San Clemente, Calif.-based lodging real estate investment trust.

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