Apple Hospitality REIT amends, upsizes unsecured credit facility to about $1.3 billion
APLE•Debt profile and liquidity
The company said it has no significant debt maturities until 2029 and no outstanding borrowings on the revolving credit facility.
Term loan maturities pushed out
Two term loans were extended to July 24, 2031 for $275 million and to Jan. 23, 2032 for $300 million.
A separate term loan was amended to $160 million from $130 million, maturing July 24, 2033, and priced at SOFR + 1.70% to 2.65%.
Credit facility upsized and extended
Apple Hospitality REIT refinanced its unsecured credit facilities, lifting total capacity on its main facility to about $1.3 billion.
The main facility now includes a $700 million revolver due July 24, 2030, extendable by one year, with pricing at SOFR + 1.35% to 2.30%.
