Sunstone Hotel Investors looking to amend $200 million bank revolver

By Angela McDaniels

Tacoma, Wash., April 16 - Sunstone Hotel Investors, Inc. is negotiating an amendment to its $200 million revolving credit facility, according to a company news release.

The company said it expects to reach an agreement that will result in financial covenant relief in exchange for a reduction in the facility's size and first mortgage liens on some of its currently unencumbered hotels.

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

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